Gold price reached a four-day high at $1789 in the Asian trades and went on to consolidate the three-day advance all through the day, ending Thursday marginally higher at $1783.
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Silver Consolidated Below Six-week Tops | Neal Bhai Reports
Silver now seems to have entered a bullish consolidation phase and was seen oscillating in a range just below mid-$24.00s, or six-week tops touched earlier this Thursday.
सोने की मांग में इस साल कमी | Neal Bhai Reports
भारत में दिवाली सोना खरीदना शुभ माना जाता है। लेकिन कोरोना संकट के चलते मांग में कमी आई है। विश्व स्वर्ण परिषद (WGC ) ने कहा है कि भारत में जारी कोविड से संबंधित व्यवधानों के बाद इस साल सोने की मांग कम रहने की संभावना है। लेकिन अगले साल मांग में एक बार फिर तेजी दर्ज की जा सकती है।
Bullion Trading at Premium on Inflation Fears | Neal Bhai
Bullion Trading: Gold rose for a second day as the U.S. dollar extended declines, with investors waiting for comments from Federal Reserve officials this week which could provide insight into the prospects of tighter monetary policy.
India’s Gold Demand Faces Slowing Savings Rate, Farm Wages Risk
Gold demand in India is likely to face challenges from a declining household savings rate and lower agricultural wages, according to the World Gold Council.
WTI stays above $82.00 ahead of EIA Inventories | Neal Bhai
WTI holds onto the recent gains near $82.40, up 0.05% intraday, during a quiet Asian session on Wednesday. The oil benchmark cheered the US dollar weakness and upbeat sentiment to ward off the bearish inventory levels published by industry sources the previous day. The latest moves, however, await the official stockpile data for further direction.
Oil at $100 a Barrel Is ‘Possible’ This Winter, Mercuria Says
It’s “possible” that oil will hit $100 a barrel this winter, but $80 to $90 is the expected range, said Marco Dunand, the chief executive officer of commodities trader Mercuria Energy Group Ltd.