Oil falls as investors assess US-China trade truce
LONDON, Oct 30 (Reuters): Oil prices eased on Thursday as investors assessed a potential trade truce between the United States and China, as President Donald Trump lowered tariffs on China after a meeting with President Xi Jinping in South Korea.Brent crude futures fell 73 cents or 1.1 per cent to...
Read more
Gold climbs 2pc on Fed rate cut
Gold prices jumped 2 per cent on Thursday, helped by dollar weakness after a Federal Reserve rate cut and as investors remained uncertain regarding the outcome of a trade deal between China and the United States, reports Reuters.Spot gold climbed 1.3 per cent to $3,980.00 per ounce as of 1109...
Read more
Copper rally could cool after surge to record high
Copper smashed through its all-time high on Wednesday, spurred by fresh concerns over mine supply and hopes of a US-China trade deal, but analysts questioned how much further the rally could run without a sustained pickup in demand, reports Reuters.Prices of copper, considered a bellwether for the global economy, have...
Read more
India says companies have licences to import rare earth magnets from China
NEW DELHI, Oct 30 (Reuters): Indian companies have received licences for importing rare earth magnets from China, India's foreign ministry said on Thursday, signalling some easing in Beijing's export control.Rare earths, a group of 17 elements that play a crucial role in cars, planes and weapons, have become one of...
Read more
