Daily Commodity Pointer
22nd November 2024
Tracking Market
Nov 21 2024 ClosePrevCloseAbsChange
Re/$84.4984.360.13
Euro / $1.04731.0543-0.0070
Light Sweet70.1268.751.37
Gold $ / OZ-2671.152651.7019.45
Silver $ / OZ-30.8131.00-0.19
$ / Yen154.51155.43-0.92

On Nov 22 2024
Events ETISTForecastPrev
Flash Manufacturing PMI9.4520.1548.848.5
Flash Services PMI9.4520.1555.255.0
Revised UoM Consumer Sentiment10.0020.3074.073.0
Revised UoM Inflation Expectations10.0020.30-2.6%

CallTracker
Commodity LTPT1T2SLMarginTick
CRUDE OIL5900 6000605058502021101


  Pivot Point - Agri/Non-Agri


  
Energy
Oil prices rise, head for weekly gain on Russia-Ukraine tensions
Oil prices rose in Asian trade on Friday and were headed for a positive week as increased concerns over Russia and Ukraine saw traders attach a greater risk premium to crude.
Bullions
Safe - haven gold on track for weekly gain
Gold prices were steady on Friday but still poised for a weekly gain, driven by safe-haven demand due to escalating geopolitical concerns, while market awaited clearer signals on the U.S. interest rate outlook.
Currency
Dollar hugs 13 - month peak as market awaits next Fed cue
The U.S. dollar stuck close to a 13-month high on Friday as investors assessed the outlook for the Federal Reserve's interest rate path and uncertainty in Europe kept the euro on the back foot, while bitcoin eyed the $100,000 level.
Base Metals
Diminished US Fed Interest Rate Cut Expectations Boost US Dollar Index, Copper Prices Open Lower
US Fed's Goolsbee reiterated support for further interest rate cuts and expressed openness to a slower pace of action.
Activate Commodity
Exchange Turn Over :
NCDEX recorded a total turnover of Rs. 528.24 crores, whereas MCX recorded a total traded turnover of Rs. 2,60,685.60 Crores on 21st November 2024.
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