Commodities Market Today | April 30, 2024

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Commodities market today saw a slight dip in gold prices by 0.1% to $2,335.71 per ounce, along with a further dip in oil prices, with US crude dropping 1.45% to settle at $82.63 per barrel and Brent settling at $88.40, down 1.23%. The yen's sharp rise by up to 5 yen per USD suggests possible Tokyo intervention, while the dollar weakens against global currencies. The 10-year US Treasury bonds close at 4.614%

Top News and Events

  • Gold Prices Dip Amid Fed Rate Cut Speculation: Gold prices slightly declined as investors are anticipating important data and hints about the Federal Reserve's interest rate reduction plans. The price of spot gold fell by 0.1% to $2,335.71 per ounce.

  • Peace Talks Ease Crude Prices: Peace talks between Israel and Hamas led to a decline in crude prices, with US crude dropping 1.45% to settle at $82.63 per barrel and Brent settling at $88.40, down 1.23%.

  • Japan's Yen Surges Amid Suspicions of Currency Market Intervention: Japan's yen surged by up to 5 yen per USD, fueling speculation of Tokyo's first currency market intervention in 18 months. Meanwhile, the dollar weakened against global currencies, with the dollar index closing down 0.3% at 105.63.

  • US Treasury Yields Ease Before Fed Meeting and Key Data: US Treasury yields eased ahead of the Fed meeting and key economic data, with the 10-year bond closing at 4.614%.

Additional ReadCommodities Market Today

Prices of Popular Commodities

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

























Additional ReadShare Market Updates

Note: Stats/Prices updated as of April 30, 2024, at 9:24 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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What exactly is the stock market, and how does it work?

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The stock market is a platform where investors buy and sell shares of publicly traded companies. It operates through stock exchanges, where supply and demand for securities determine prices.

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