Daily Commodity Pointer
29th September 2023

Tracking Market
Sep 28 2023 ClosePrevCloseAbsChange
Euro / $1.05591.05000.0059
Light Sweet91.7193.68-1.97
Gold $ / OZ-1898.001890.907.10
Silver $ / OZ-22.7422.720.02
$ / Yen149.29149.63-0.34

On Sep 29 2023
Events ETISTForecastPrev
Core PCE Price Index m/m7.3018.000.2%0.2%
Personal Income m/m7.3018.000.4%0.2%
Prelim Wholesale Inventories m/m7.3018.00-0.1%-0.2%
Chicago PMI8.4519.1547.548.7
Revised UoM Consumer Sentiment9.0019.3067.767.7
Revised UoM Inflation Expectations9.0019.30-3.1%

Commodity LTPT1T2SLMarginTick
CRUDE OIL7600 7700780075503144501

  Pivot Point - Agri/Non-Agri

Oil prices fall as Russia, Saudi Arabia expected to boost supply
Oil prices fell in early trade on Friday after a recent rally, as profit-taking and expectations of supply increases by Russia and Saudi Arabia outweighed forecasts of positive demand from China during its Golden Week holiday.
Gold set for worst month in seven on elevated US rates outlook
Gold prices on Friday braced for their biggest monthly fall since February, hovering around levels at over six-month lows on the prospects of higher-for-longer interest rates ahead of a widely watched U.S. inflation print due later in the day.
Dollar eases from 10-month high but on track for weekly gain
The dollar index eased from a 10-month high on Thursday but remained on track for a weekly gain, and investors stayed on guard for potential intervention in the yen as it holds near 11-month lows against the U.S. currency.
Base Metals
Copper rebounds after traders square positions ahead of China holiday
Copper prices rebounded on Thursday after traders squared positions ahead of a long public holiday in China, but a firm dollar weighed on the rally.
Agri Commodity
Palm oil prices seen rising in 2024 as El Nino crimps Indonesian output
Crude palm oil (CPO) prices in 2024 are likely to average at least 11% more than this year as El Nino weather patterns are expected to reduce output in top producer Indonesia, the Indonesian Palm Oil Association (GAPKI) said on Thursday.
Exchange Turn Over :
NCDEX recorded a total turnover of Rs. 799.08 crores, whereas MCX recorded a total traded turnover of Rs. 106943 Crores on 28th September 2023.
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