Oil prices retrace losses but head for weekly dip
LONDON, Aug 19 (Reuters): Oil prices were broadly stable on Friday, retracing earlier losses, but were headed for weekly losses as concerns about a global economic slowdown weighed amid soaring inflation rates.Brent crude futures were down 13 cents, or 0.1 per cent, at $96.46 a barrel at 1339 GMT. U.S....
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Gold faces first weekly decline in a month
Gold slipped to a three-week low on Friday and was en route for its first weekly drop in a month, pressured by a stronger dollar and rising U.S. bond yields, reports Reuters.Spot gold fell for a fifth straight session, down 0.3 per cent at $1,753.84 per ounce as of 0940...
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Wheat hovers around six-month low, corn and soy ease
PARIS/SINGAPORE, Aug 19 (Reuters): Chicago wheat consolidated on Friday near a six-month low struck a day earlier as the market remained capped by sluggish U.S. exports and scope for increased Black Sea shipments.Corn and soybeans edged lower as forecasts pointing to more rain in the Midwest at the end of...
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Copper heading for weekly fall on bleak global growth outlook
LONDON, Aug 19 (Reuters): Copper prices rose on Friday but were set to end the week slightly lower as traders balanced hopes for solid demand in China with pessimism about the global economy.Inflation data in Germany and Japan on Friday and statements from European and U.S. central bankers this week...
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