Oil price dip keeps Brent below $80 on China demand woes
LONDON, Aug 19 (Reuters): Oil prices eased on Monday, with Brent holding below $80 as concern over demand in top oil importer China weighed on market sentiment.Brent crude futures dropped 63 cents, or 0.8 per cent, to $79.05 a barrel by 1129 GMT. US West Texas Intermediate crude (WTI) futures...
Read more
Demand hopes lift copper prices
LONDON, Aug 19 (Reuters): Copper prices scaled 2-1/2 week highs on Monday with buying spurred by signs of improving demand in top consumer China and a sliding dollar as expectations of an imminent rate cut in the United States mounted.Physical market copper buyers, particularly in China, have up until recently...
Read more
Palm oil rises on bargain hunting
JAKARTA, Aug 19 (Reuters): Malaysian palm oil futures recovered on Monday, paring some losses in the previous session on bargain hunting.The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was up 40 ringgit, or 1.09 per cent, at 3,721 ringgit ($849.93) a metric ton at...
Read more
Gold pauses after hitting all-time high at above $2,500
Gold eased on Monday after powering to an all-time high above the important $2,500 per ounce level in the last session on strong safe-haven demand and expectations of an imminent US rate cut as investors seek more cues on the quantum of cuts, reports Reuters.Spot gold was down 0.4 per...
Read more
