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Archive

Markets - Commodities

Thursday, February 23, 2017

Gold steady as Fed minutes dampen rate hike expectations
Commodities

Gold steady as Fed minutes dampen rate hike expectations

LONDON: Gold was steady on Thursday after the minutes of the latest Federal Reserve policy meeting further dampened expectations for an interest rate hike next month, lowering US bond yields and stalling upward momentum in the dollar.
Published 23 Feb, 2017 12:58pm
Copper slides as Chinese demand worries resurface
Commodities

Copper slides as Chinese demand worries resurface

LONDON: Copper prices tumbled on Thursday as worries about demand in top consumer China resurfaced after the country's housing minister suggested moves were afoot to stabilise the property market, while the firm dollar reinforced negative sentiment.
Published 23 Feb, 2017 12:45pm