Commodities Market Today | Oil Market Stable, Brent Up by 0.08%

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Synopsis:

The commodities market today witnessed a minor change compared to yesterday. The 10-year yield fell to 4.23%, the dollar index remained unchanged at 105.49. Brent crude contracts rose 0.08% to $88.06/barrel, while spot gold rose 0.6% to $2,346/ounce.

Top News and Events

  • US Treasury Yields Drop Slightly: The US 10-year yield fell by 2.5 basis points to 4.23%, and the two-year rate decreased by one basis point to 4.72%.
  • Dollar Index Holds Steady: The dollar index remained unchanged at 105.49 against a basket of currencies, reflecting stable currency markets.
  • Oil Prices Show Minimal Change: Oil prices were mostly unchanged on Tuesday. Brent futures for August delivery rose by 0.08% to $86.06, and WTI crude oil increased by 1.2% to $81.67 per barrel.
  • Mixed Movements in Precious Metals: Gold increased by 0.6% to $2,346 per troy ounce, while silver slightly declined by 0.1% to $29.59 per ounce. These changes are attributed to varying investor sentiment towards precious metals.

Prices of Popular Commodities

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

Name

LTP

Change

Change%

GOLD

₹71,452.00

-990.00

-1.37

SILVER

₹88,591.00

-1646.00

-1.82

COPPER

₹849.50

-2.20

-0.26

CRUDE OIL

₹6,748.00

-42.00

-0.62

NATURAL GAS

₹226.10

-2.80

-1.22

Note: Stats/Prices updated as of June 25, 2024, at 9:19 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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