Commodities Market Today | April 29, 2024

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Commodities market today saw gold prices rise modestly by 0.21% to $2,336.79 per ounce, while oil prices dipped, with Brent crude falling 0.84% to $88.75 a barrel and WTI dropping 0.78% to $83.20 a barrel, reversing Friday’s gains. The US dollar dipped slightly to 105.80 amidst Japan's holiday, while the yen, euro, and sterling remain closed.

Top News and Events

  • Subtle Rise in Gold Prices: Spot gold rose by 0.21% to $2,336.79 per ounce, while U.S. gold futures settled slightly higher at $2,347.20, marking a 0.2% increase.

  • Discouraging US inflation data pushed oil prices lower: Brent crude fell by 0.84% to $88.75 a barrel, and West Texas Intermediate (WTI) dropped 0.78% to $83.20 a barrel in early Asian trading on Monday, reversing Friday's gains due to discouraging US inflation data.

  • USD slips while other currencies remain closed today: The US dollar dipped slightly in early Monday trading due to Japan's holiday, while the yen, euro, and sterling remained close to their lows from Friday's volatile session, with the dollar index standing at 105.80.

  • March inflation data slightly affects US Treasury yield: Longer-term US Treasury yields dipped as March inflation matched economists' forecasts, with the benchmark 10-year US Treasury note yield dropping 4.3 basis points to 4.663%.

Prices of Popular Commodities

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

























Note: Stats/Prices updated as on April 29, 2024 at 9:22 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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