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Southeast Asia oil bill to hit $240 bln by 2035: IEA
Southeast Asia’s huge appetite for energy will see its bill for imported oil surge to $240 billion by 2035, leaving nations exposed to price shocks, the International Energy Agency warned Wednesday.
Oil drops on easing tensions over Syria and Iran
Global oil prices sank last week on receding tensions over Iran and Syria, while coffee struck another three-year low on the back of plentiful supplies, dealers said.
Gold rallies 1% on US fiscal jitters
Gold jumped more than one per cent on Friday as wrangling over the US budget and worries over the outlook for Federal Reserve policy stoked buying interest, with buying accelerating sharply on a break of a key chart level.
Mix-up on Syria’s crisis, Fed shock
Commodity prices diverged last week as markets focused on a deal to avert a US-led military attack on Syria and reacted to the US Federal Reserve’s surprise decision on stimulus.
Gold hits one-week high as Fed keeps on easing
Gold hit a one-week high on Thursday as the dollar fell after the US Federal Reserve stunned markets by choosing not to cut back on its asset-buying programme for now.
Copper touches 3-week high
Copper reached a three-week high in London after the Federal Reserve unexpectedly maintained economic stimulus in the US, the second-biggest consumer of the metal. Tin touched the highest price since March.
Gold falls to six-week low as stimulus verdict looms
Gold fell for the third consecutive session on Wednesday to a six-week low, as markets paused for the US Federal Reserve to announce a reduction, albeit small, in its bullion-friendly stimulus measures.
Copper rises before Fed statement
Copper rose in London before the Federal Reserve ends a policy meeting on Wednesday with a decision on whether to slow economic stimulus in the US, the world’s second-biggest consumer of the metal after China.
Gloomier prospects seen for gold in H2
As gold continued its losing streak for the fifth straight day on Monday to $1,320.21 an ounce amid sluggish demand, an industry report forecast further gloomy prospects for the yellow metal in the coming months — both on price and demand fronts.
Slip and slide: Syria weighs on oil, Fed hits gold
Oil sank last week on receding fears of a US-led military strike against Syria, and gold hit a one-month low on hopes of an end to US Federal Reserve stimulus.
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