Oil prices fall sharply on resurgent Covid fears

LONDON, Nov 19 (Reuters): Oil prices fell sharply on Friday towards $78 a barrel as a fresh surge in COVID-19 cases in Europe threatened to slow the economic recovery while investors also weighed a potential release of crude reserves by major economies to cool prices.Brent crude was down $2.78, or...

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Gold rises as inflation risks buoy safe-haven appeal

LONDON, Nov 19 (Reuters): Gold prices gained on Friday as rising inflation fears buoyed its safe-haven appeal, although a stronger dollar and expectations that central banks would hike interest rates early kept bullion on course for its first weekly decline in three.Spot gold rose 0.3 per cent to $1,863.10 per...

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India's rice export rates hit three-month low

India's rice export rates dropped to their lowest in three months on Thursday hit by subdued demand from buyers in Africa, while Vietnamese traders expected falling domestic supplies to cap a further decline in prices, reports Reuters.Top exporter India's 5.0 per cent broken parboiled variety was quoted at $354 to...

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