2025-08-28 12:54:47 pm | Source: Religare Broking Ltd
Daily Commodity Insights 28th August 2025 by Religare Broking Ltd
Gold
* Gold prices rose on Wednesday, driven by uncertainty over monetary policy, in addition to existing expectations for a benchmark interest rate cut and this unprecedented situation since the Fed’s establishment.
Crude Oil
* Oil prices rose on Wednesday on a larger-than-expected drop in U.S. crude inventories and the potential impact of new U.S. tariffs on India.
Natural Gas
* Natural gas futures were extending gains from the previous trading session thanks to short-covering on Mississippi River flooding and rig-count driven supply concerns.
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