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| 03 August, 2020, 02:30 PM IST | E-Paper
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    Commodity outlook: Gold, silver up; here's how others may trade on Monday

    MCX Gold and MCX Silver were up 0.35 per cent and 1.27 per cent, respectively. Meanwhile, crude oil was down 0.32 per cent in the international market.

    Gold prices today edge higher on safe-haven demand

    In the international markets, US Gold futures rose 0.27 per cent to $1,991.20 per ounce.

    Palm oil surges 3% on higher rival oils, better July exports

    The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange advanced 3.06 per cent to 2,759 ringgit ($651.48) per tonne at 0244 GMT, its third straight day of gains.

    10% risk-free rate! HNIs find a goldmine

    The rate of return has hit an annual 10 per cent, from an average 7- 8 per cent, amid the commodity’s astounding 32 per cent rise last month.

    Oil edges lower on oversupply concerns as OPEC+ set to raise output

    Brent crude futures slid 8 cents, or 0.2 per cent, to $43.44 a barrel by 0001 GMT while U.S. West Texas Intermediate (WTI) crude futures were down 12 cents, or 0.3 per cent, at $40.15 a barrel

    Gold hits record high as virus fears, weaker dollar boost demand

    The United States is in a new phase of the novel coronavirus outbreak with infections "extraordinarily widespread" in rural areas as well as cities, White House coronavirus experts said on Sunday.

    BULL'S EYE

    Oil posts monthly gains as US reports record output cuts in May

    Investors typically use dollar-denominated commodities as safe havens when the currency weakens.

    Top copper nation gets tough on water with BHP in crosshairs

    Mines that dot the parched Atacama desert are coming under increasing scrutiny for their use of water, with lithium giant Soc. Quimica & Minera de Chile SA facing a Supreme Court ruling after community complaints.

    Edible oil industry divided over import policy

    SEA has claimed that putting quantitative restrictions will lead to flooding of the palm oil imports into the country.

    Gold heads for biggest monthly gain since Jan 2012 on rush to safety

    Spot gold was up 0.8% at $1,975.30 an ounce by 0927 GMT, while U.S. gold futures rose 1.5% to $1,970.70.

    Crude oil prices on track for monthly gain as dollar supports

    Crude oil prices on track for monthly gain as dollar supports

    U.S. crude gained 26 cents, or 0.6%, to $40.18 after dropping 3.3% in the previous session, also off lows not seen since July 10.

    Commodity outlook: Crude oil gains; here's how others may fare

    Commodity outlook: Crude oil gains; here's how others may fare

    Here is how SMC Global expects commodities to fare today.

    Headache for OPEC as oil market structure signals return of glut

    Headache for OPEC as oil market structure signals return of glut

    The group will either have to consider further production cuts or tolerate lower oil prices for longer.

    Gold prices near record high levels as low interest rates make bullion attractive

    Gold prices near record high levels as low interest rates make bullion attractive

    Gold tends to gain when interest rates are low, which reduces the opportunity cost of holding non-yielding bullion. Gold is also seen as a hedge against inflation and uncertainty.

    Gold eyes best month in four years on virus anxiety, soft dollar

    Gold eyes best month in four years on virus anxiety, soft dollar

    Spot gold was steady at $1,958.99 per ounce by 0029 GMT. Bullion rose 10% so far this month, its biggest percentage rise since February 2016. The metal was also on track for its eighth straight weekly gain.

    Oil prices bounce back from 3-week lows, but economic headwinds loom

    Oil prices bounce back from 3-week lows, but economic headwinds loom

    OPEC+, a grouping of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively plan to increase production from Saturday, adding about 1.5 million barrels per day to global supply.

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