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Daily Commodity Pointer

08th May 2026

Tracking Market

May 7 2026	Close	PrevClose	AbsChange
Re/$	94.24	94.60	-0.36
Euro / $	1.1723	1.1748	-0.0025
Light Sweet	94.81	95.08	-0.27
Gold $ / OZ-	4710.90	4694.30	16.60
Silver $ / OZ-	80.18	77.30	2.88
$ / Yen	156.93	156.37	0.56

On May 8 2026

Events	ET	IST	Forecast	Prev
Average Hourly Earnings m/m	7.30	18.00	0.3%	0.2%
Non-Farm Employment Change	7.30	18.00	65K	178K
Unemployment Rate	7.30	18.00	4.3%	4.3%
Prelim UoM Consumer Sentiment	9.00	19.30	49.7	49.8
Prelim UoM Inflation Expectations	9.00	19.30	-	4.7%

CallTracker

Commodity	LTP	T1	T2	SL	Margin	Tick
CRUDEOIL	8900	9200	9400	8700	310431	1

Pivot Point - Non-Agri

Commodity News Wire

Energy

Oil prices jump on renewed US-Iran hostilities

Oil prices were up more than 1% on Friday after renewed fighting broke out between the U.S. and Iran, threatening a shaky ?ceasefire and dashing hopes for progress on reopening the Strait of Hormuz, a ?key oil and gas transit route.

Bullions

Gold on track for weekly gain; markets focus on US - Iran deal prospects

Gold rose on Friday and was headed for a weekly gain on easing fears of inflation and higher interest rates, as investors remained optimistic about a U.S.-Iran peace deal despite renewed attacks.

Currency

Dollar firms as US - Iran hostilities flare, yen steadied by intervention risk

The dollar started Friday's Asian session on a firm footing against most major currencies after renewed hostilities broke out between the U.S. and Iran, while the Japanese yen held largely steady following fresh verbal jawboning from Tokyo.

Base Metals

Copper holds steady, supported by US - Iran peace proposal

Copper prices held steady on Thursday as sentiment was supported by hopes for easing tensions between the United States and Iran, a softer dollar and signs of strong demand in top consumer China, traders said.

Activate Commodity

Exchange Turn Over :
NCDEX recorded a total turnover of Rs. 630.95 crores, whereas MCX recorded a total traded turnover of Rs. 516,673.92 Crores on 07th May 2026.

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This report is neither an offer nor a solicitation to purchase or sell commodities. The information and views expressed herein are believed to be reliable, but no responsibility (or liability) is accepted for errors of fact or opinion. Writers and contributors may be trading in or have positions in the commodities mentioned in their articles. Neither Ventura Securities Limited nor any of the contributors accepts any liability arising out of the above information/articles. Reproduction in whole or in part without written permission is prohibited. This report is for private circulation.