Oil prices rise as China moves toward monetary easing
Oil prices climbed by more than 1 per cent on Monday as top importer China flagged its first move toward a loosened monetary policy since 2010 aiming to bolster economic growth, state media reported citing a Politburo meeting, reports Reuters.Brent crude futures were up 84 cents, or 1.18 per cent,...
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Gold gains on US rate cut bets
Gold prices climbed on Monday as China's central bank resumed gold purchases after a six-month pause, while expectations for an interest rate cut at the Federal Reserve's meeting next week strengthened.Spot gold gained 0.9 per cent to $2,655.81 per ounce, as of 1241 GMT. US gold futures added 0.7 per...
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Palm oil futures ends lower
JAKARTA, Dec 9 (Reuters): Malaysian palm oil futures closed down on Monday, tracking a decline in rival vegetable oils on the Dalian and Chicago exchanges, while traders await data from the Malaysian Palm Oil Board (MPOB) for further cues.The benchmark palm oil contract for February delivery on the Bursa Malaysia...
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Chicago wheat up, Corn and soy stable
HAMBURG, Dec 9 (Reuters): Chicago wheat rose while corn and soybeans were stable on Monday, as dealers positioned ahead of world supply and demand estimates from the US Department of Agriculture (USDA) expected to show smaller US stockpiles.Wheat was supported by expectations Russian shipments could slow down.Chicago Board of Trade...
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Copper jumps to nearly one-month high
LONDON, Dec 9 (Reuters): Copper prices jumped on Monday to the highest in nearly a month after top metals consumer China said it would take more action to boost its lethargic economy.The three-month copper contract on the London Metal Exchange (LME) gained 1% to $9,215 per metric ton in official...
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