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Oil dips as OPEC+ expected to boost output in August

LONDON, July 4 (Reuters): Oil futures fell almost 1% on Friday, pressured by expectations that OPEC+ producers will decide this weekend to raise output and an Iranian reaffirmation of its commitment to nuclear non-proliferation.Brent crude futures were down 62 cents, or 0.9%, at $68.18 a barrel by 1118 GMT while...

Copper slides as focus shifts to US tariff deadline

LONDON, July 4 (Reuters): Copper prices retreated on Friday as focus switched to US President Donald Trump's July 9 deadline when sweeping tariffs take effect on countries that have not yet secured trade agreements.Benchmark copper on the London Metal Exchange (LME) was down 0.8% at $9,880 a metric ton in...

Palm oil logs weekly gain despite weakness in rival oils

KUALA LUMPUR, July 4 (Reuters): Malaysian palm oil futures closed lower on Friday, weighed by weaker rival edible oils at the Chicago and Dalian markets and by profit booking, though the contract still managed to post its seventh weekly gain in eight.The benchmark palm oil contract for September delivery on...

Robusta coffee prices ease

LONDON, July 4 (Reuters): Robusta coffee prices eased on Friday but remained above last week's one-year low.New York-based arabica coffee, raw sugar and cocoa contracts were closed on Friday due to a public holiday in the US.Robusta coffee fell 0.3% to $3,615 a metric ton by 1116 GMT, hovering above...

German factory orders drop faster than expected

FRANKFURT, (Germany), July 4 (AFP): German industrial orders fell faster than expected in May, official data showed Friday, a bad sign for Europe's biggest economy even as it faces the threat of higher US tariffs.New orders, closely watched as an indicator of future business activity, slid 1.4 percent month-on-month, according...

Gold prices rebound ---

Gold prices rebounded on Friday and were heading for a weekly gain, helped by a retreat in the US dollar and safe-haven inflows, as US President Donald Trump's deadline for trade deals loomed, reports Reuters.Spot gold was up 0.3% to $3,336.39 per ounce, as of 1211 GMT. The precious metal...