Oil prices fall more than $2, set for weekly decline on China worries

Oil prices fell by more than $2 on Friday and were on track for a weekly decline, with Brent slipping below $80 a barrel after a string of dismal indicators for July from China overshadowed geopolitical risks, reports Reuters.Brent crude futures were down $1.59, or 2 per cent, at $79.45...

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Gold pares gains as dollar, bond yields climb after strong US data

Gold prices pared gains on Thursday as the dollar and Treasury yields rose after stronger-than-expected U.S. economic data that could influence the size of interest rate cuts from the Federal Reserve, reports Reuters.Spot gold was up 0.3 per cent at $2,454.40 per ounce, as of 1:46 p.m. EDT (1746 GMT),...

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Wheat loses overnight rally

Chicago Board of Trade wheat futures ended lower on Thursday as cheap Black Sea exports kept weighing on the market, which had risen overnight on a rally sparked by a Russian attack on Ukrainian port infrastructure, reports Reuters.Chicago soybean futures Sv1 ticked down on falling soy oil prices and technical...

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