Oil heads for weekly gain as Middle East keeps market on edge
LONDON, Oct 25 (Reuters): Oil prices were heading for a weekly gain of almost 3 per cent as Friday's prices ticked higher, with traders kept on edge by simmering tensions in the Middle East ahead of a planned resumption in Gaza ceasefire talks in the coming days.Brent crude futures rose...
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Gold falls on profit taking after record rally
LONDON, Oct 25 (Reuters): Gold prices fell on Friday as some investors booked profit after a recent rally that pushed bullion to a record high, although ongoing tensions in the Middle East helped limit the decline.Spot gold eased 0.4 per cent to $2,724.50 per ounce by 1159 GMT. Prices had...
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Copper set for weekly decline on China stimulus disappointment
Copper prices eased on Friday and were on track to end the week lower after stimulus measures from top consumer China failed to ease demand worries, reports Reuters.Three-month copper on the London Metal Exchange (LME) edged down 0.1 per cent to $9,502.50 per metric ton by 0808 GMT, while the...
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Palm trades sideways ahead of export data, set for best week since June 2023
KUALA LUMPUR, Oct 25 (Reuters): Malaysian palm oil futures were on track for their best week in more than 16 months, even as the market traded sideways ahead of export data from cargo surveyors on Friday.The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange...
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Russia hikes interest rates to 21 per cent, highest since 2003
MOSCOW, Oct 25, 2024 (AFP): Russia's central bank hiked interest rates to 21 per cent on Friday, taking borrowing costs to their highest level in more than 20 years amid surging inflation.The rise takes rates above an emergency level introduced in February 2022 -- just after Moscow ordered troops into...
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