Commodities

Oil retreats after 3-day rally on renewed demand, economic growth concerns

The strong weekly rise in oil prices was underpinned by a surprise decline in U.S. inventories of crude and optimism about more efforts to support prices by OPEC and its allies.

Oil prices, WTI crude, economic growth, US-China trade war, OPEC, oil price rally News

Gold steady as investors await Brexit clarity, Fed meeting

EU member states on Wednesday delayed a decision on whether to grant Britain a three-month Brexit extension, while Prime Minister Boris Johnson said if the deadline is deferred to the end of January h

U.S. gold futures was flat at $1,494.60 per ounce. News

Gold bides time as traders await clarity on Brexit

Spot gold was unchanged at $1,488.50 per ounce, as of 0125 GMT.

Gold prices, Boris Johnson, brexit divorce, US gold futures, trade war, US gold futures, SPDR Gold Trust News

Oil slips after US inventory build, but possible OPEC cuts support market

West Texas Intermediate (WTI) crude futures fell 40 cents, or 0.73%, to $54.08 per barrel.

oil price, US industry data, crude stockpiles, OPEC, US crude stocks News

Industry body tells buyers to shun palm oil imports from Malaysia

The association, in an earlier letter, had said that in the wake of media reports that the government may take some action to curtail the import of palm oil from Malaysia following the hostile attitud

Industry, buyer, palm oil, palm oil import, Malaysia, market news, Commodity news, SEA, Kashmir issue News

Oil prices dip on weak demand outlook, supply concerns

The Organization of the Petroleum Exporting Countries (OPEC), Russia and other oil producers, an alliance known as OPEC+, agreed in December to reduce supply by 1.2 million barrels per day (bpd) from

U.S. crude oil futures were down by 9 cents, or 0.2%, to $53.69. News

India’s cotton season begins on a bearish note

Prices of raw cotton or kapas are currently ruling between Rs 4,700 and Rs 5,250 per quintal, depending on the quality and the moisture content

India, cotton,cotton season, market NEWS, commodity news, cotton advisory, cotton farmer News

Govt reviews price situation of onions, tomatoes; asks Mother Dairy to sell tomatoes below this price

The Centre also asked the Delhi government to deploy an adequate number of officials in Maharashtra to check and clear the quality of onions before their transportation to Delhi.

Tomato Price, Onion Price, Inflation, Pulses Price, Mother Dairy, Safal Outlet, NAFED News

Gold steady as Brexit deal lifts stocks, pressures dollar

Asian shares inched higher following Britain's deal with the European Union, with MSCI's broadest index of Asia-Pacific shares outside Japan up 0.1%.

Gold prices, European Union, dollar, MSCI, US gold futures, US-China trade tensions, global economy News

Oil prices steady, all eyes on data seen showing China GDP growth slowdown

Global benchmark Brent crude oil futures fell by 9 cents, 0.2%, to $59.82 a barrel by 0039 GMT.

Oil price, China, oil consumer, WTI crude futures, GDP, Chinese government, OPEC, US crude oil stockpiles News

Gold steady as disappointing US retail sales weigh on risk appetite

Spot gold inched 0.1% higher to $1,490.37 per ounce as of 0044 GMT.

Gold prices, United States retail sales data, US gold futures, US economy, Asian shares, SPDR Gold Trust GLD News

Oil prices fall as data points to huge build in US stocks

U.S. crude inventories soared by 10.5 million barrels to 432.5 million barrels in the week to Oct. 11, according to the American Petroleum Institute's weekly report, published ahead of official govern

Oil prices, US stocks, global economic slowdown, US crude oil futures,  global economy, Brent crude oil futures News

India’s fuel demand dips to lowest in over two years

Petroleum coke consumption was however 18 per cent higher at 1.73 million tonnes.

Commodities News

Gold edges higher as Brexit uncertainty spurs safe-haven bid

Spot gold was up 0.2% at $1,484.49 per ounce as of 0130 GMT

Gold prices, Britain, U.S. gold futures, Brexit deal, Asia-Pacific shares, Huawei Technologies, MSCI, US-China trade deal News

Oil prices edge higher on potential Brexit deal; OPEC signals of possible cuts

Global benchmark Brent crude oil futures had risen 11 cents to $58.85 by 0103 GMT, up about 0.2% from the previous day's close.

Oil prices, Brexit deal, European Union, OPEC, Brent crude oil futures, global economic slowdown, US crude stocks News

India asks OPEC not to cut oil production; seeks better commercial terms

He said OPEC demonstrated repeatedly its commitment to sustainable stability, even during unprecedented events like the attacks on Saudi Arabia's oil facilities one month ago.

Commodities News

Gold prices steady ahead of crucial Brexit talks

Spot gold were flat at $1,492.83 per ounce, as of 0105 GMT. U.S. gold futures were a shade lower at $1,496.90.

Gold prices, European Union, Britain, US gold futures, US-China trade, Steven Mnuchin, Chinese imports, US Federal Reserve News

Oil prices extend losses as weak China data compounds US-China trade deal doubts

"China's exports and imports shrunk more than expected in September, as ongoing tariffs and a slowdown in global trade undercut demand," analysts at ANZ bank wrote in a research note.

Oil prices, China data, US-China trade deal, Chinese economic data, donald trump, Brent crude futures, US-China dispute News

Millers ask govt to extend deadline for import of pulses till year-end

Since the prices of pulses such as chana, udad, moong and masoor have gone up by 5-10% in the past month due to rains in Madhya Pradesh and Maharashtra, it is likely to impact the output, as per mark

Dal millers, import of pulses india, All India Dal Millers Association, All India Dal Millers Association president, Indore, rains in Madhya Pradesh, Maharashtra, Rajasthan, Mozambique, Malawi, Kenya News

Proposed RCEP will worsen trade deficit in plantation commodities, says apex body

Natural Rubber (NR), pepper, coffee and tea are likely to come under intense competition and imports into the country are likely to increase over time, the study said.

Among the five plantation commodities, Natural Rubber (NR) and pepper have an overall trade deficit, irrespective of RCEP. News

CCI starts buying cotton from Punjab, Rajasthan

The Cotton Corporation of India (CCI) has commenced procurement of cotton in Punjab and Rajasthan since prices of the crop have come under pressure in these states.

Commodities News

Soyabean production likely to decrease 18 per cent in 2019

The excessive rains this year are likely to affect the soyabean production by around 20 lakh tonne in the country and stand at 89.9 lakh tonne, according to an assessment by the Soyabean Processors As

Commodities News

Gold inches lower as Trump’s remarks boost trade talk hopes

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.22 percent to 921.71 tonnes on Thursday from 923.76 tonnes on Wednesday.

Spot gold was down 0.2% at $1,491.12 per ounce, as of 0105 GMT. News

Sugar export deals signed; Maharashtra federation asks millers to increase exports

With export deals signed for some 1.5 lakh tonne of sugar at the start of the season, the Maharashtra State Cooperative Sugar Millers Federation has urged millers in the state to export as much sugar

Commodities News

Gold ETFs catch investors’ eye in September, attract inflows for second consecutive month

Prior to this, gold ETFs had seen a net inflow of Rs 20 crore in October 2016 and before that, an inflow of Rs 5 crore was witnessed in such funds in May 2013.

Gold ETF, global slowdown, AMFI, equities, trade conflicts, latest news on gold ETF News

Soaring gold prices dampen Diwali sales for jewellers

In India, where prices hit a record in September, the rally comes as the country’s growth slows, unemployment rises and a crisis of confidence engulfs the banking system

Spot gold r News

Gold at one-week high as trade talk hopes fade

The talks were to take place ahead of a scheduled increase in U.S. tariffs on $250 billion worth of Chinese goods, to 30% from 25% on Oct. 15.

Spot gold rose 0.4% to $1,511.24 per ounce as of 0049 GMT. U.S. gold futures gained 0.3% to $1,516.50. News
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