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Gold pierces $3,600 mark as traders weigh Fed rate-cut bets
Gold prices hit a record high on Monday. This happened after weak job data in the United States. The data increased the expectation that the US Federal Reserve will cut interest rates. Spot gold increased. The rise was also driven by a weaker dollar and central bank buying. Investors are now waiting for the US inflation report.
Gold prices hold near record high as Fed rate cut bets, dollar weakness fuel rally. Analysts predict Rs 1.09 lakh target
Further, silver December futures on MCX were also trading lower at Rs 124079/kg, having fallen by Rs 618 or 0.5%
S&P Global expects crude prices to hit $55 per barrel by year end
S&P Global anticipates dated Brent crude prices to decline to approximately $55 per barrel by the end of the year. This forecast hinges on factors like a potential surplus, continued Russian oil supply, and shifts in stock building. A significant surplus and inventory changes could drive prices even lower, according to Dave Ernsberger.
S&P Global expects dated Brent crude to hit $55 per barrel by year-end
Dated Brent crude prices are likely to fall to around $55 per barrel by year-end, an S&P Global executive said at the Asia Pacific Petroleum Conference on Monday.
Gold hovers near record high on US rate-cut expectations
Gold prices remained near record highs, approaching $3,600, fueled by expectations of a U.S. Federal Reserve rate cut following a weak jobs report. Traders anticipate a 25-basis-point cut, with a small chance of a larger one. China's gold reserves increased for the tenth consecutive month, while speculators raised net long positions.
Oil prices climb as OPEC+ agrees to raise output at slower pace from October
Oil prices saw a slight increase in early trading following OPEC+'s decision to moderately raise output from October, a response to anticipated weaker global demand. This decision, while surprising given potential winter oversupply, contrasts with larger previous monthly increases. Market sentiment is also influenced by potential U.S. sanctions on Russia and ongoing geopolitical tensions, including Russia's intensified attacks on Ukraine.
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OPEC+ agrees on output boost from October
OPEC+ decided to increase oil supply. They will add 137,000 barrels a day from October. This is part of a larger plan to release 1.65 million barrels a day. The decision shows optimism about the oil market. The group aims to regain market share. The next meeting is scheduled for October 5.
Gold on a hot run, central banks and RBI go slow on buys as geopolitics also weighs
Global central banks are showing caution in gold buying. They are navigating geopolitical issues and high prices. The long-term plan to move away from US assets continues. Reserve Bank of India is also watching geopolitical cues. High gold prices are a reason for the slowdown. RBI's gold holdings remain at a record high of 880 tonnes.
Silver prices breaking barriers: Next Rs 1.5 lakh/kg the next stop for white metal?
Silver has staged a sharp rally this year, with prices on MCX recently touching Rs 1,25,000 per kg, climbing from around Rs 97,000 in February 2025. The surge has been driven by a mix of global momentum, industrial demand, and tightening supply.
Gold prices surge by Rs 6,500 in last 1 month to hit record high of Rs 1,07,807/10g. Time to book profit?
Gold prices are soaring. October futures reached a record high on MCX. This happened despite profit-taking before US jobs data. Global uncertainties and central bank demand support gold. The Federal Reserve might cut rates soon. Experts say gold remains bullish above Rs 1,06,450. A break above Rs 1,07,260 could lead to more gains. Analysts are optimistic about gold's future.
Hedge funds jump into bullish oil bets on tight supply signals
Hedge funds significantly increased bullish bets on crude oil, anticipating market tightness and geopolitical tensions, just before reports surfaced that OPEC+ might consider boosting output. This bullish move, the largest since June, occurred as hopes for a resolution in Ukraine faded and US crude inventories declined.
Gold surges to fresh record high after soft US jobs data
Gold prices hit fresh record highs on Friday after a soft U.S. jobs report cemented hopes of a Federal Reserve interest rate cut, fuelling fresh momentum for bullion's blistering rally.
Gold prices rally by Rs 3,000/10 gm in September month. What’s ahead?
Gold futures on MCX have risen significantly in September. This surge is fueled by hopes of a Federal Reserve rate cut and geopolitical tensions. Silver futures also saw gains. Experts suggest specific trading ranges for gold and silver, advising to buy on dips. Physical gold prices vary across major Indian cities like Delhi, Mumbai, Chennai and Hyderabad.
Gold prices set for best week in three months; US jobs data on tap
Gold prices saw a slight increase on Friday, poised for their best week in three months, fueled by growing expectations of a U.S. interest rate cut this month. The market's attention is now focused on the U.S. non-farm payrolls data due later today, which could offer further clarity on the Federal Reserve's interest rate trajectory. Spot gold was up 0.
Oil prices ease as investors await OPEC+ output decision
Oil prices edged lower for the third consecutive day as investors anticipate the upcoming OPEC+ meeting, where further output increases will be considered for October. The potential boost in production could lead to unwinding output cuts ahead of schedule. Meanwhile, U.S.
Oil prices extend losses on OPEC+ considers another output hike
Oil prices decreased on Thursday. Investors are waiting for the OPEC+ meeting this weekend. Producers will consider increasing output targets. Brent crude and U.S. West Texas Intermediate crude both fell. OPEC+ may raise production in October. The group seeks to regain market share. U.S. crude stocks rose last week, according to the American Petroleum Institute.
