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Commodity Corner: Brent crude breaches $100/bbl on supply concerns; gold steady ahead of US inflation data

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⚡ Instant Key Takeaways (TL;DR)
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Core Development: Commodity Corner: Brent crude breaches $100/bbl on supply concerns; gold steady ahead of US inflation data
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Market & Financial Impact: The dollar index was little changed against the other major currencies in the early Thursday trade.
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Actionable Insight: 🏛️ Policy & Macro: Interest rate, inflation, or regulatory changes affecting broad market valuations.

Commodity markets traded mixed on September 10, with oil prices holding firm after Brent crude breached the $100-a-barrel mark, while gold prices steadied as investors awaited US inflation data due later this week.

Oil prices held firm on Thursday after Brent crude breached $100 a barrel, with traders bracing for deeper supply disruption as Iran and the United States launched their largest attacks on shipping since their six-month-old conflict began.

Brent crude futures rose 0.1% to $101.34 a barrel. U.S. West Texas Intermediate crude was at $96.55 a barrel, up 0.5%.

Gold steadied, as traders awaited US inflation data due later this week for clues to whether the Federal Reserve will hike interest rates.

Bullion was near $4,400 an ounce, after adding 1% in the previous session to snap a three-day losing streak.

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Official Publisher Attribution: This report is aggregated from Moneycontrol. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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