Commodities-Markets-Economic Times
Gold jumps to 7-year high on fears virus will hit global growth
Spot gold rose 1.1% to $1,636.60 per ounce as of 1256 GMT, after hitting its highest since Feb.14, 2013 at $1,636.66 earlier this session. U.S. gold futures jumped 1.2% to $1,639.60.
Oil retreats in face of renewed coronavirus uncertainty
Brent crude was down $1.56, or 2.6%, at $57.75 a barrel by 1442 GMT, while U.S. crude dropped $1.25, or 2.3%, to $52.63.
Gold futures jump Rs 433 to Rs 42,472
The trading in the first half was closed on account of Maha Shivratri.
Gold pops as virus concerns ignite global stampede into havens
Bullion headed for the biggest weekly gain in more than 6 months as prices hit a seven-year high.
LTI enters Nifty Next 50 Index
"It is a significant recognition as it represents top 50 companies that are considered most lucrative for investors", LTI said.
Covid-19 bugs jewellers who’d got big orders
Analysts expect the price to rise further in the short term due to continuing the impact of the new coronavirus disease, or Covid-19, in the global markets.
Poultry, egg prices fall on Covid-19 rumours
The egg industry has taken maximum hit as wholesale prices have slipped below the breakeven level.
Gold climbs to 7-yr high as virus woes boost safety demand
Spot gold was up 0.4% at $1,617.52 per ounce by 1227 GMT, its highest since Feb. 2013.
Oil firms on supply threats and easing demand woes
Brent crude futures were up 27 cents at $59.39 a barrel by 1443 GMT. West Texas Intermediate (WTI) crude climbed 59 cents to $53.88.
Agri Commodities: Mustard, soya oil slump in futures trade amid weak demand
Mustard seed prices on Wednesday dropped by Rs 4 to Rs 3,950 per quintal in futures trade.
Precious Metals: Gold, silver fall in futures trade amid sluggish demand
Gold was trading 0.12 per cent lower at $1,609.80 per ounce in New York.
ICRA cuts diamond sector outlook to negative on coronavirus
The C&HK region, accounts for 14-15% of global demand for CPDs.
Crude oil futures up on spot demand, global cues
Crude oil for March delivery was up by Rs 17, or 0.44 per cent.
Commodity outlook: Most metals gain; here’s how others may trade today
Here is how SMC Global expects commodities to fare today.
Gold rate today: Gold hovers near life-highs as investors move to safe havens
Brokerage SMC Global said bullion counters can trade on a volatile path.
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