Tag: Prices
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Gold prices break below $2,000 support as hot CPI brews rate fears
[ad_1] Investing.com– Gold prices fell below a key support level in Asian trade on Wednesday after a hotter-than-expected inflation reading for January spurred more fears that the Federal Reserve will keep rates higher for longer. The yellow metal saw extended losses after spot prices slid below the closely-watched $2,000 an ounce support on Tuesday, with…
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Gold prices trade sideways, CPI data awaited for more rate cues
[ad_1] Investing.com– Gold prices kept to a tight range on Tuesday, remaining under pressure from the dollar as investors hunkered down before inflation data that is widely expected to factor into the Federal Reserve’s plans for interest rates. The yellow metal had fallen back into a $2,000 to $2,050 an ounce trade range over the…
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Turmeric Prices Show Resilience Despite Recent Decline: Bullish Harmonic Pattern Signals Potential Upswing
[ad_1] Despite a recent notable decline in turmeric prices driven by profit booking, market sentiment remains positive in the near term. The decline was attributed to profit-taking following a period of gains supported by reduced supplies in the spot market. However, the anticipation of delayed harvesting for the new crop, tighter ending stocks, and the…
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Oil prices settle slightly higher as Middle East tensions simmer
[ad_1] Investing.com– Oil prices settled slightly Monday as a step-up in geopolitical tensions in Middle East supported bullish bets on energy. At 14:30 ET, settled $0.10 higher at $76.92 per barrel, while expiring in April fell 0.2% to $82.00 a barrel. Middle East Tensions ratchet up as Israel prepares ground offensive of Rafa Israel launched…
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Gold prices muted before inflation data, copper sinks on Zambia discovery
[ad_1] Investing.com– Gold prices moved little in holiday-thinned Asian trade on Monday, with the yellow metal keeping to a trading range established over the past week as traders sought more cues from upcoming U.S. inflation data. Among industrial metals, copper prices hit a near three-month low after KoBold Metals- a startup backed by Microsoft (NASDAQ:)…
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Turmeric Declined In Profit Booking After Prices Rose Due To Reduced Supplies.
[ad_1] prices saw a decline of -1.96%, settling at 15330, driven by profit booking after earlier gains supported by reduced supplies in the spot market. The delayed harvesting of the new crop and tighter ending stocks are expected to maintain positive market sentiments in the near term. While export demand is anticipated to increase with…
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Zinc Dropped As An Economic And Demand Slowdown In China Pressured Prices.
[ad_1] Zinc faced a significant decline of -2.51%, settling at 209.85, as concerns over an economic and demand slowdown in China, the top consumer, weighed on the market ahead of an extended public holiday. The delay in production at Russia’s Ozernoye mine, the country’s largest mine, until at least the third quarter of 2024 and…
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Crude Oil Prices Rise Due To Increasing Middle Eastern Tensions And Supply Concerns.
[ad_1] Crude oil prices surged by 2.87%, settling at 6307, driven by renewed tensions in the Middle East, intensifying concerns about supply disruptions. Israeli Prime Minister Benjamin Netanyahu’s rejection of a ceasefire offer from Hamas, coupled with the possibility of further U.S. military actions against Iranian forces, heightened geopolitical risks. On the demand side, official…
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Oil prices settle after Israel rejects Hamas ceasefire deal
[ad_1] Investing.com — Oil prices surged to settle higher on Thursday as Israel rejected an Hamas proposed ceasefire, reigniting fears that of widening of the conflict in the Middle East just as the U.S. continued to its retaliatory strikes and Houthi rebels launched fresh attacks in the Red Sea. At 14:30 ET (19:30 GMT), the expiring in…
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Gold prices in a holding pattern in anticipation of more rate cues
[ad_1] Investing.com– Gold prices drifted slightly lower on Thursday, taking little support from a decline in the dollar and yields as markets remained on edge over the prospect of higher-for-longer U.S. interest rates. But the yellow metal stuck largely within a trading range of $2,000 and $2,050 established over the past week, with traders now…