We remain bearish on oil prices for 2025, although Opec+ extension may hold prices from steep fall in Q1-2025
Gold price today: The World Gold Council, in a report released on December 12, stated that after a record-breaking year of 2024, the metal is expected to rise at a slower pace in 2025
Silver price today: Lack of China's specific details is bearish for Silver
Spot silver is changing hands at $31.37, up around 0.22 per cent on the day, at the time of writing this report
Spot gold at the time of writing this report is trading at $2,631, down nearly 0.76 per cent on the day
JSW Steel plans to purchase 2,500 metric tons, while SAIL aims to secure 75,000 metric tons of coking coal from Mongolian
Traders are concerned that the Russia-Ukraine war is likely to take dangerous turns on escalating tensions
Spot gold tumbled to the lowest level in nearly 7 weeks on November 12 as investors piled into risk assets on optimism over the US growth prospects with Trump at the helm
Gold price: The yellow metal faces risk from fickle bond yields as deficit concerns loom large. Near-term upside is limited, says Praveen Singh of Sharekhan
The Fed cutting rates despite citing strong growth will put the focus back on inflation. The US bonds are quite volatile. Yields are likely to spike again on growth expectations and deficit concerns
Silver rate today: Silver is likely to do better than gold in the short-term in case Harris wins the presidential race
Silver rate: The metal is expected to be highly volatile and choppy as this week is packed with crucial data out of both China and the US, and the next week will be about the US presidential elections
Spot silver at the time of the MCX closing was trading at $33.67, down around 0.10 per cent on the day.
Silver rate today: Unless we see a sharp decline in gold or copper prices, silver is likely to trade with a bullish bias
Silver surged on disappointing US weekly jobless claims data, though hotter-than-expected US CPI inflation data led to a volatile session
If China's stimulus details prove to be convincing to investor community, it is highly likely that gold prices may come under increased downside pressure
Spot gold at the time of the MCX closing was trading at $2624, up around 0.55 per cent on the day. The MCX December Gold contract at Rs 75,152 (LTP) was up nearly 0.30 per cent.
Surging US Dollar Index and tumbling bond prices are acting as headwinds for the metal as the US rate cut pace has become somewhat uncertain in the short term. Dip buying is preferred.
Silver price today: Silver prices crashed to their lowest level since September 19, on Tuesday, as commodities tumbled on multitude of bearish developments
The performance of the metal on Thursday has been encouraging as it managed to rise despite subdued gold prices and tumbling base metals