Daily Commodity Pointer
19th April 2024
Tracking Market
Apr 18 2024 ClosePrevCloseAbsChange
Re/$83.5183.61-0.10
Euro / $1.06431.06270.0016
Light Sweet82.1082.15-0.05
Gold $ / OZ-2398.002388.409.60
Silver $ / OZ-28.3828.40-0.02
$ / Yen154.64154.380.26

On Apr 19 2024
Events ETISTForecastPrev
NO MAJOR EVENT-----

CallTracker
Commodity LTPT1T2SLMarginTick
Crude Oil6900 7000715068402362561


  Pivot Point - Agri/Non-Agri


  
Energy
Oil prices ease on prospect of persistently high US interest rates
Oil prices slipped in early trade on Friday as U.S. jobs data pointed to higher interest rates for longer and easing tensions in the Middle East dampened supply concerns. The market largely shrugged off sanctions on Venezuela and Iran.
Bullions
Gold set for fifth weekly gain as geopolitical risks buoy demand
Gold prices rose on Friday, on track for their fifth weekly gain, with investors gravitating towards safe-haven assets as political uncertainty in the Middle East overshadowed pressures from the prospect of higher-for-longer U.S. interest rates.
Currency
Surging dollar set for weekly gain as US data, Fed push back on rate cuts
The resurgent dollar headed towards a second straight week of gains on Friday as a hotter-than-expected U.S. economy has pushed back investors' and policymakers' expectations of the trajectory of Federal Reserve rate cuts this year.
Base Metals
Base metals rise as dollar rally pauses
Prices of nonferrous metals advanced on Thursday, supported by a softer dollar as market participants assessed the U.S. interest rates outlook.
Agri Commodity
Palm oil snaps five - day decline on oil surge, eyes weekly loss
Malaysian palm oil futures snapped a five-day losing streak on Friday amid a jump in oil prices, even as the contract is set for a second consecutive weekly decline.
Exchange Turn Over :
NCDEX recorded a total turnover of Rs. 477.55 crores, whereas MCX recorded a total traded turnover of Rs. 108894.93 Crores on 18th April 2024.
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