Oil prices steady after two days of gains

LONDON, Aug 8 (Reuters): Oil prices held steady on Thursday after two sessions of gains, with growing supply risks in the Middle East offsetting demand concerns that had pushed prices to their lowest since early 2024 at the start of the week.Brent crude futures fell 4 cents to $78.29 a...

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Gold rises more than 1pc on safe-haven demand

Gold prices rose more than 1 per cent on Thursday, supported by firm safe-haven demand and growing expectations for a sizeable interest rate cut from the US Federal Reserve in September, reports Reuters.Spot gold rose 1.3 per cent to $2,413.19 per ounce by 1338 GMT, on track to snap a...

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Palm oil snaps 3-day losing streak to settle higher

KUALA LUMPUR, Aug 8 (Reuters): Malaysian palm oil futures edged higher on Thursday after a three-day losing streak, buoyed by stronger rival Dalian contracts, though weaker crude oil prices and a firmer ringgit currency capped the gains.The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange...

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