BAJAJ BROKING
Commodities market today showcases contrasting moves as gold prices rise at $2,331.78 per ounce (+0.69%) while US gold futures slightly decline to $2,319.90 per ounce (-0.2%). Brent crude prices rose by 1.1% at $89.01 per barrel and US WTI by 0.9% to $83.57, due to optimism in the US economy and ongoing Middle East tensions. Dollar index slips by 0.21% to 105.58 ahead of the US Federal Reserve FOMC meeting.
Bond Yields Surge: US 10-year bond yield climbs 5 basis points to 4.704%, 2-year notes rise by 6.3 to 4.9996%, marking a five-month high. Inflation hints drive up Treasury yields, diminishing Fed rate cut chances.
Dollar Dips Ahead of Fed Meeting: Dollar index slips 0.21% to 105.58 ahead of the impending US Federal Reserve FOMC meeting.
Gold Prices Inch Higher: Gold sees a 0.69% increase to $2,331.78 per ounce, with US gold futures settling slightly lower at $2,319.90 per ounce, down 0.2%.
Optimism in the US Economy drives Crude Oil Up: Brent crude closes 1.1% higher at $89.01 per barrel, while US West Texas Intermediate rises 0.9% to $83.57. Optimism surrounding the US economy and ongoing Middle East tensions drive the uptick.
Additional Read: Commodities Market Today
The day’s rate of Gold, Silver, Natural Gas, Crude Oil (Brent), Crude Oil (WTI)
Name | LTP | Change | Change% |
GOLD | ₹71,794.00 | +94.00 | +0.13 |
SILVER | ₹80,755.00 | +206.00 | +0.26 |
COPPER | ₹843.40 | +3.40 | +0.40 |
CRUDE OIL | ₹6,898.00 | -52.00 | -0.75 |
NATURAL GAS | ₹137.70 | -13.40 | -8.87 |
Note: Stats/Prices updated as on April 26, 2024 at 9:30 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.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading