Oil drops ahead of US Fed decision
LONDON, Sept 18 (Reuters): Oil prices fell on Wednesday after two sessions of gains after an industry report showed increasing US crude and fuel inventories, offsetting rising tension in the Middle East and the potentially bullish impact of a US interest rate cut.U.S. crude stocks rose by 1.96 million barrels...
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Gold gains as markets gear up for Fed's rate verdict
Gold prices gained on Wednesday, as investors awaited for the Federal Reserve to start its US monetary easing cycle for the first time in over four years, reports Reuters.Spot gold rose 0.3 per cent to $2,577.75 per ounce as of 9:30 a.m. ET (1330 GMT), hovering below a record high...
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India approves $4 billion to aid farm incomes
NEW DELHI, Sept 18 (Reuters): India's cabinet has approved spending more than $4 billion to support farm incomes and blunt food price volatility until the fiscal year 2025/26, the information minister said on Wednesday.The cabinet also approved fertiliser subsidy of 244.75 billion rupees ($2.92 billion) for winter sown crops, Information...
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Copper claws higher ahead of expected Fed rate cut
LONDON, Sept 18 (Reuters): Copper prices ticked higher on Wednesday ahead of a widely expected rate cut by the US Federal Reserve, which investors bet will support metals demand.Three-month copper on the London Metal Exchange CMCU3 was up 0.6 per cent at $9,426 per metric ton by 0945 GMT after...
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