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Tag Archives: #commodities

THE ASIA DAYBOOK: METALS DAYBOOK ASIA: Gold Knocked by Fed; Junior Miner’s Surge

(Bloomberg) — Gold demand appears to be fizzling on the Federal Reserve, with open interest dropping to the lowest in more than five weeks. A little-known Canadian miner surged almost 1,000 percent after it said it sold a magnesium deposit to a U.S. buyer for $750 million. PRICES PRECIOUS: Gold …

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Ruble Weakens to Catch Up With Lower Oil Prices: Inside Russia, By Vladimir Kuznetsov

(Bloomberg) — The ruble weakened against the dollar, catching up with Monday’s declines in Brent crude oil. The yield on 10-year bonds was steady, halting a three-day drop, ahead of auctions terms announcement. * Ruble declines 0.1% against the dollar to 59.9300 * Given the oil price, USD/RUB might return …

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FX/RATES DAYBOOK EUROPE: Aussie Slumps as CPI Misses Estimates, By Chikafumi Hodo

    (Bloomberg) —  Australia’s dollar slumped against most major peers as consumer prices miss estimates and RBA Governor Philip Low reiterated that the central bank doesn’t need to follow other major peers in turning hawkish. TODAY UK GDP France Consumer Confidence NOTE: FOMC releases its policy statement and interest rate decision …

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Saudi Arabia Cuts Oil Exports as OPEC Looks to Stem Crude-Price Slide, By  Georgi Kantchev,   Nathan Hodge and   Benoit Faucon

Country’s energy minister blasts cartel members for ‘overproducing’  ST. PETERSBURG, Russia—Internal discord among OPEC members and big oil-producing allies spilled into public view Monday as the group struggles with its efforts to raise prices for crude. Until now, the Organization of the Petroleum Exporting Countries had largely blamed low prices on U.S. …

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