Oil prices slip on concerns over a supply glut

LONDON, Oct 20 (Reuters): Oil prices fell by nearly 2 per cent on Monday, pressured by worries over a global glut as US-China trade tensions added to concerns about an economic slowdown and weaker energy demand.Brent crude futures were down $1.06, or 1.7 per cent, at $60.23 a barrel as...

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Tons of silver from US, China ease London spot market squeeze

LONDON, Oct 20 (Reuters): Large flows of silver from the US and China to London's spot market in the past week are easing a liquidity squeeze in the world's largest over-the-counter precious metals trading hub, traders and analysts said.A shortage of available metal in the London market helped drive silver...

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Gold consolidates after record rally

Gold prices inched higher on Monday after a record rally, supported by expectations of more US rate cuts and safe-haven demand linked to the government shutdown in Washington, while investors awaited cues from upcoming US-China trade talks, reports Reuters.Spot gold was up 0.3 per cent at $4,2562.84 per ounce, as...

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China imports no US soybeans in Sept for first time in seven years

BEIJING, Oct 20 (Reuters): China imported no soybeans from the US in September, the first time since November 2018 that shipments fell to zero, while South American shipments surged from a year earlier, as buyers shunned American cargoes during the ongoing trade dispute between the world's two largest economies.Imports last...

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