Saturday, October 1, 2022
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Oil prices mixed as Hurricane Ian output cuts support, dollar weighs

[ad_1] Oil prices were mixed in early Asian trade on Wednesday as support from U.S. production cuts caused by Hurricane Ian contended with crude storage builds and a strong dollar. Brent crude futures fell 4 cents, or 0.1%, to $86.23 per barrel by 0022 GMT, while U.S. West Texas Intermediate (WTI)

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Gold firms on dollar pullback, rate-hike jitters cap gains

[ad_1] Gold prices rose on Tuesday as the dollar's rally paused, but prices held close to a 2-1/2-year low on expectations of further policy tightening by the U.S. Federal Reserve in its efforts to quell soaring inflation. FUNDAMENTALS * Spot gold gained 0.6% at $1,631.89 per ounce, as of 0103 GMT. Prices

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What does the rising interest rate mean for gold investors ahead of the festive season?

[ad_1] Globally, gold prices are languishing near a two-and-a-half-year low, weighed down by a rapid rise in global interest rates and a surging US dollar. The benchmark London gold has corrected by about 20 per cent from its March high when the Russian-Ukraine tensions shot up gold prices to near record

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Will commodity prices soften further ahead of festive season?

[ad_1] Risk-off sentiment continued in the commodities market, whether bullion, base metals, energy or agri commodities. US Central bank continued with mega-size rate hikes and gave the message they would do everything to bring the inflation down to within their comfort zone of 2 per cent, even if it leads to

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