World food prices ease further in January: FAO
PARIS, Feb 6 (Reuters): World food prices fell for a fifth straight month in January, led by declines in dairy, sugar and meat products, the United Nations' Food and Agriculture Organization said on Friday.The FAO's food price index, which tracks monthly changes in a basket of internationally traded food commodities,...
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Gold gains on safe-haven demand-
Gold prices gained on Friday, rebounding from a sharp selloff in the previous session, as global equities fell and US-Iran tensions lingered, while the CME Group raised margins on precious metals to counter risk, reports Reuters.Spot gold rose 2.3 per cent to $4,879.06 per ounce by 1112 GMT, and US...
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Oil pauses as investors eye US-Iran talks
LONDON, Feb 6 (Reuters): Oil prices held steady on Friday as investors awaited news from high-stakes talks between the United States and Iran that are taking place in Oman amid fears of another supply-disrupting Middle East conflict.Brent crude futures rose 7 cents, or 0.1 per cent, to $67.62 a barrel...
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China's silver fund plummets again after trading halt
SHANGHAI/HONG KONG Feb 6 (Reuters): China's sole silver futures fund slumped by its 10 per cent daily limit on Friday, its fifth straight session of decline, after a global selloff in precious metals wiped out significant investor gains.Global gold and silver prices hit a series of record highs in January....
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Mercuria, India's Tata to form commodities trading venture
LONDON, Feb 6 (Reuters): Global commodities trading house Mercuria will form a joint venture with Tata International to expand its presence in India and assist the conglomerate with trading a diversified basket of commodities, the pair said in a statement on Friday."By combining Tata International's reach and credibility with Mercuria's...
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