Commodities

Commodities News

Gold climbs over 1% after Fed’s Powell hints at early rate cut

By Anjana Anil and Anushree Ashish Mukherjee (Reuters) – Gold prices extended gains on Wednesday after Federal Reserve Chair Jerome Powell hinted that an interest rate cut could be on.

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Oil prices rise on risk of broader Middle East conflict

By Paul Carsten LONDON (Reuters) – Oil prices extended gains on Thursday after the killing of a Hamas leader in Iran raised the threat of a wider Middle East conflict.

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OPEC+ likely to stick to output policy at meeting, sources say

LONDON (Reuters) – OPEC+ key ministers meet on Thursday to decide output policy with sources expecting it is unlikely to make any changes to its current deal to cut production.

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Oil hits two-month low after China demand concerns offset low US inventories; Brent at $79/bbl

The front-month Brent contract traded at a low of $78.67 and WTI at $74.75, the weakest for both benchmarks since June 6. Crude oil prices traded at their lowest levels.

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Blaze in Canadian tourist town still out of control but rain helping firefighters

By David Ljunggren and Anna Mehler Paperny (Reuters) -A massive wildfire that destroyed about a third of the western Canadian tourist town of Jasper is still out of control but.

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Oil prices stabilise after Golan Heights attack

By Robert Harvey LONDON (Reuters) -Oil prices were stable on Monday as fears of a widening conflict in the Middle East after a rocket strike in the Israeli-occupied Golan Heights.

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Gold rate today: Why can’t India afford weakness in gold prices for long? — explained

MCX gold rate today opened with an upside gap and touched an intraday high of ₹68,534 per 10 gm Gold rate today: After losing around 9 percent against its 17th July 2024.

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Amplats says on track to demerge in 2025, plans secondary London listing

JOHANNESBURG (Reuters) -South Africa’s Anglo American (JO:AGLJ) Platinum (Amplats) expects its demerger from parent company Anglo American to be completed next year and is planning a secondary listing in London,.

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Oil market likely to be in surplus next year, Morgan Stanley says

(Reuters) – The crude oil market is currently tight but next year will likely be in surplus, with Brent prices declining into the mid-to-high $70s range, Morgan Stanley said. The tightness will.

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Oil prices stable after Biden exit while rate outlook remains in focus

By Paul Carsten LONDON (Reuters) -Oil prices were little changed on Monday after Joe Biden announced he would not seek a second term as U.S. president, while investors watched for.

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