Commodities Market Today 25 April

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Synopsis:

Today's commodities market demonstrates contrasting moves as gold prices stabilise at $2,323.92 per ounce while US gold futures dipped to $2,336.90. The US crude oil prices dipped below $83 per barrel after a 2% rally, oil futures closed under pressure. Currency update includes Japanese Yen hitting a 31-year low against US Dollar due to strong inflation numbers while Dollar index rises to 105.84.

Top News and Events

  • US Treasury Yields Rise Amid Rate Cut Speculation: The 10-year yield increased to 4.644%, and the 2-year yield rose to 4.929%. US Treasury yields rose as investors awaited new economic data to gauge potential rate cuts by the Federal Reserve.

  • Yen Hits 31-Year Low Against Dollar on Strong US Inflation: The yen fell to its lowest level against the dollar since 1990 after strong US inflation data. The dollar index rose to 105.84, hitting a five-month high.

  • Gold Prices Stable as Middle East Tensions Ease: Gold prices remained stable as tensions in the Middle East eased. Spot gold rose slightly to $2,323.92 per ounce, while US gold futures dipped to $2,336.90.

  • US Crude Oil Prices Dip Below $83 After Israel-Iran Focus Shifts: US crude oil prices dipped below $83 per barrel after a 2% rally. WTI crude settled at $82.81 per barrel (-0.7%), and Brent futures fell to $88.02 per barrel (-0.5%) as focus shifted from Israel-Iran tensions.

Additional Read: Commodities Market Today

Prices of Popular Commodities

The day’s rate of Gold, Silver, Natural Gas, Crude Oil (Brent), Crude Oil (WTI)

Name

LTP

Change

Change%

GOLD

₹71,700.00

+385.00

+0.54

SILVER

₹80,549.00

+890.00

+1.12

COPPER

₹840.00

+2.50

+0.30

CRUDE OIL

₹6,950.00

+119.00

+1.74

NATURAL GAS

₹151.10

+1.70

+1.14

Additional Read: Share Market News

Note: Stats/Prices updated as on April 25, 2024 at 9:31 AM 

Source: Moneycontrol

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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Frequently Asked Questions

What exactly are commodities?

Answer Field

Commodities are raw materials or primary agricultural products traded on dedicated exchanges. They can be categorised as hard commodities (e.g., gold, oil) or soft commodities (e.g., coffee, cotton).

How does commodities trading differ from stock trading?

Answer Field

While stock trading involves buying and selling shares of publicly traded companies, commodities trading deals with the exchange of physical goods or raw materials. Additionally, commodities are often subject to supply and demand dynamics rather than company performance.

Can I trade commodities without owning the physical assets?

Answer Field

Yes, through derivatives such as futures contracts and options, traders can speculate on commodity price movements without owning the physical assets, enabling participation in commodities markets with lower capital requirements.

What is leverage in commodities trading, and how does it work?

Answer Field

Leverage allows traders to control a larger position with a smaller amount of capital, amplifying both potential profits and losses. While leverage can magnify returns, it also increases risk, so it's crucial to use it judiciously.

What are some common trading strategies in commodities markets?

Answer Field

Popular strategies include trend following, range trading, spread trading, and fundamental analysis-based approaches. Each strategy has its own set of rules and techniques suited to different market conditions.

How can I manage risk when trading commodities?

Answer Field

Implement risk management techniques such as setting stop-loss orders, diversifying your portfolio, avoiding over-leveraging, and staying informed about market developments and news that may impact commodity prices.

What are the potential risks associated with commodities trading?

Answer Field

Risks include price volatility, leverage risk, liquidity risk, regulatory risk, geopolitical risk, and risks specific to individual commodities such as weather-related risks for agricultural commodities or geopolitical tensions for energy commodities.

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