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Copper prices edged higher on Wednesday ahead of the Federal Reserve’s meeting outcome, with investors also awaiting post-holiday demand pick-up in top consumer China.
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CRUDEOIL prices muted after middling January, Fed meeting in focus.
CRUDEOIL prices kept to a tight range on Wednesday after retreating in January, with markets now seeking more cues from a Federal Reserve meeting and a potential economic recovery in China.
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CRUDEOIL rises as slowing U.S. inflation eases recession concerns.
CRUDEOIL prices rose on Wednesday as signs of slowing inflation in the United States eased fears that the world’s largest oil user may face a recession because of further interest rate hikes and a weaker dollar supported some buying interest.
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Copper prices dropped on Tuesday after traders exercised caution ahead of an eventful week that will include central bank meetings and as physical demand in top consumer China remained stagnant.
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CRUDEOIL futures in Asian trading hours Tuesday eased slightly, extending losses from the previous two sessions, as focus switched to macroeconomics and the likely direction the US Federal Reserve on interest rate policy.
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Gold prices were flat on Tuesday in the international markets as market participants held back from making large bets ahead of the US Federal Reserve policy decision.
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CRUDEOIL slips on rate hike worries, Russian crude flows despite China performance.
CRUDEOIL prices extended losses on Tuesday as the threat of further interest rate increases and continued Russian crude flows cancelled out demand recovery expectations from China.
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