Oil prices stabilise after Golan Heights attack
LONDON, July 29 (Reuters): Oil prices were stable on Monday as fears of a widening conflict in the Middle East after a rocket strike in the Israeli-occupied Golan Heights balanced demand concerns to put a floor under last week's price losses.Brent crude futures lost 33 cents, or 0.41 per cent,...
Read more
Copper loses ground on weak Chinese demand
LONDON, July 29 (Reuters): Copper prices slid on Monday on Chinese demand concerns and high inventories, while market participants awaited a Federal Reserve policy meeting and U.S. data releases this week for further direction.Three-month copper on the London Metal Exchange fell 0.7 per cent to $9,045 per metric ton by...
Read more
Gold edges up on Fed rate-cut hopes, geopolitical risks
LONDON, July 29 (Reuters): Gold prices edged up on Monday on heightened geopolitical tensions in the Middle East and expectations of a US rate cut in September, with the focus on this week's Federal Reserve policy meeting.Spot gold rose 0.3 per cent to $2,393.48 per ounce by 1005 GMT, matching...
Read more
Palm oil futures decline
JAKARTA, July 29 (Reuters): Malaysian palm oil futures fell on Monday, weighed down by weakness in rival vegetable oils on the Dalian Commodity Exchange and a firm ringgit.The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange closed down 0.84 per cent to 3,909 ringgit ($843.00)...
Read more
