Oil prices extend gains on fears of wider ME conflict

LONDON, Oct 7 (Reuters): Oil prices extended gains on Monday, with Brent nearing $80 to build on last week's steepest weekly jump since early 2023, driven by fears of a wider Middle East conflict and potential disruption to exports from the major oil-producing region.Brent crude futures rose $1.30, or 1.7...

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Gold edges up on Mideast conflict

Gold prices edged up on Monday as an escalation in the Middle East conflict pushed investors to safe haven assets, while traders awaited inflation data this week for further clues on the Federal Reserve's rate cut path, reports Reuters.Spot gold was up 0.2 per cent at $2,658.07 per ounce by...

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Copper demand for EV is intact

London, Oct 7 (Reuters): The uptrend in demand for metals such as copper used in electric vehicles is intact despite doubts raised by the slowdown in EV sales, but estimating numbers is difficult as the market is evolving, commodity trader IXM's head of refined metal said.Sales of electric vehicles have...

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