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Commodities Market Today | Gold and Oil Prices Dip Amid Inflation Data and Strong Dollar

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Synopsis:

The commodities market today features how gold prices fell 0.3% to $2,627.60 per ounce as the U.S. dollar strengthened. Oil prices also dipped, with Brent crude trading at $72.79 per barrel.

Top News and Events

  1. Gold prices slipped on Thursday as the U.S. dollar strengthened, while investors assessed a flurry of economic data showing stalled inflation progress, suggesting the Federal Reserve might tread cautiously on further interest rate cuts.

  2. Spot gold fell 0.3% to $2,627.60 per ounce.

  3. Oil prices edged lower in Asian trading on Thursday. Brent crude futures fell marginally by 0.1%, to $72.79 per barrel.

Prices of Popular Commodities

The day’s rate of Gold, Silver, Copper, Crude Oil and Natural Gas

Name

LTP

Change (₹)

Change (%)

GOLD

₹75,749.00

25.00

0.03

SILVER

₹88,060.00

58.00

0.07

COPPER

₹821.90

1.95

0.24

CRUDE OIL

₹5,839.00

-5.00

-0.09

NATURAL GAS

₹278.40

0.10

0.04

Note: Stats/Prices updated as of November 29, 2024, at 9:00 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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