BAJAJ BROKING

Notification
No new Notification messages
Sat Kartar Shopping IPO is Open!
Apply for the Sat Kartar Shopping IPO through UPI in just minutes.
Open a Free Demat Account
Pay ZERO maintenance charges for the first year, get free stock picks daily, and more.
Trade Now, Pay Later with up to 4x
Never miss a good trading opportunity due to low funds with our MTF feature.
Track Market Movers Instantly
Stay updated with real-time data. Get insights at your fingertips.

Commodities Market Today | Crude Up 0.8%, Gold Down 0.2%

Listen to our Podcast: Grow your wealth and keep it secure.

0:00 / 0:00

Synopsis:

The commodities market today reacted to Federal Reserve officials' statements anticipating a rate cut and a drop in US crude stockpiles. 10-year Treasury yield: 4.492%, dollar: 105.53 (+0.1%), Brent crude: $83.58/barrel (+0.5%), Spot gold: $2,308.29/ounce (-0.2%).

Top News and Events

  • Treasury Yields Edge Up: U.S. Treasury note yields rose slightly, with the 10-year at 4.492% and the 2-year less than 1 basis point higher at 4.834%.

  • Dollar Strengthens Slightly: The dollar inched up 0.1% to 105.53 as investors bet on the U.S. economy's strength.

  • Oil Prices Rise on US Inventory Drop: Oil prices edged higher after US crude stockpiles fell, with Brent settling at $83.58 and WTI at $78.99 per barrel.

  • Gold Dips Amid Rate Speculation: Gold slipped as investors awaited U.S. data for Fed rate cut clues, with spot gold at $2,308.29 and U.S. gold futures at $2,316.30 per ounce.

Additional Read: Commodities Market Today

Prices of Popular Commodities

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

Name

LTP

Change

Change%

GOLD

₹71,389.00

-136.00

-0.19

SILVER

₹81,330.00

+206.00

+0.25

COPPER

₹855.00

-5.6

-0.65

CRUDE OIL

₹6,597.00

+52.00

+0.79

NATURAL GAS

₹182.60

-1.70

-0.92

Note: Stats/Prices updated as of May 9, 2024, at 9:18 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: 

Read More Blogs

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

8 Lacs+ Users

icon-with-text

4.4+ App Rating

icon-with-text

4 Languages

icon-with-text

₹5300+ Cr MTF Book

icon-with-text