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Economic News

US Gasoline Price Jumps 7.48% to 1.15 as Hormuz Disruption and Costly Crude Keep Pump Prices High

US gasoline prices rose 0.08, or 7.48%, to 1.15 on 28 October 2026 as supply strain around the Strait of Hormuz kept crude oil near USD 100 a barrel and pump prices elevated. Retail gasoline remains far above year-ago levels even after easing in …

Aditi Sarkar | 28 October 2026

Silver Slides 0.94% to USD 53.90450 as Hawkish Fed Outlook and Oil-Driven Inflation Weigh

Silver slipped 0.94% to USD 53.90450 on 28 October 2026, hovering near a fresh year-to-date low as a hawkish Federal Reserve outlook and oil-driven inflation concerns weighed on the metal. The session opened at USD 54.44800 and ranged between USD 53.78350 and USD 54.53650, …

Aditi Sarkar | 28 October 2026

Aluminum Firms 1.01% to 3.28K as Thin LME Stocks Offset Gulf Smelter Restarts

Aluminum rose 1.01% to 3.28K on the IMF's global benchmark on 28 October 2026, a gain of 32.93, as thin warehouse stocks offered support while recovering Gulf production and rising Chinese exports kept a lid on the rally.

Aditi Sarkar | 28 October 2026

Gold Slips 0.75% to USD 4,029.920 as Oil-Fuelled Inflation Fears Cloud Fed Outlook

Gold slipped 0.75% to USD 4,029.920 on 28 October 2026 as an oil-driven jump in inflation fears lifted expectations of tighter Federal Reserve policy ahead of today's decision. The session opened at USD 4,061.240 and ranged between USD 4,028.855 and USD 4,070.840, shedding 30.410.

Aditi Sarkar | 28 October 2026

Copper Steadies at 6.71753 as Tight Supply and AI Rebound Offset Firmer Dollar and Costly Oil

Copper edged 0.17% lower to 6.71753 on 28 October 2026, pausing after a rebound as tight physical supply and AI-linked demand competed with a firmer dollar and higher oil prices. The session opened at 6.72003 and ranged between 6.70803 and 6.73603, shedding 0.01175.

Aditi Sarkar | 28 October 2026

Nickel Edges Up 0.25% to USD 15,633.02 as Talk of Indonesian Output Cuts Meets Surplus Forecasts

Nickel edged 0.25% higher to USD 15,633.02 on 28 October 2026 as talk of output cuts in Indonesia met forecasts of a growing surplus. The session opened at USD 15,592.27 and ranged between USD 15,557.52 and USD 15,652.52, adding 38.25.

Aditi Sarkar | 28 October 2026

Heating Oil Holds Near 4.6039 as Tight Distillate Stocks Meet Emergency Reserve Loan

Heating oil edged 0.24% higher to 4.6039 on 28 October 2026 as tight distillate inventories and Middle East supply risks met a new emergency reserve loan. The session opened at 4.5955 and ranged between 4.5778 and 4.6268, adding 0.0112.

Aditi Sarkar | 28 October 2026

Platinum Dips 0.45% to USD 1,518.703 as Investment Outflows and Rate Worries Weigh

Platinum slipped 0.45% to USD 1,518.703 on 28 October 2026 as investment outflows, a softer demand outlook and rate worries weighed on the metal ahead of the Federal Reserve's decision. The session opened at USD 1,526.450 and ranged between USD 1,514.746 and USD 1,535.326, …

Aditi Sarkar | 28 October 2026

WTI Crude Climbs 1.25% to 101.46 as Houthi Attacks and Hormuz Disruption Keep Markets on Edge

WTI crude oil climbed 1.25% to 101.46 on 28 October 2026 as renewed Houthi attacks on Saudi Arabia and disrupted shipping near the Strait of Hormuz outweighed hopes of diplomacy with Iran. The session opened at 100.17 and ranged between 99.75 and 101.64, adding …

Aditi Sarkar | 28 October 2026

Natural Gas Edges 1.54% Higher to 3.1602 as Mild Weather Limits Heating Demand and Stocks Build

Natural gas edged 1.54% higher to 3.1602 as mild weather limited heating demand while storage and production stayed ample. The month opened at 3.1142 and has ranged between 3.0217 and 3.5978, adding 0.0480.

Aditi Sarkar | 28 October 2026
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