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Gold flat, holds above key support after U.S. housing data
Published on Thursday, April 24, 2014 12:51 PM

By Frank Tang and Jan Harvey

NEW YORK/LONDON - Gold prices were little changed on Wednesday, holding above a key technical support near $1,275 an ounce, though the metal is vulnerable to further losses as investor demand remains slack, analysts said.

The bullion market found some support after Commerce Department data showed sales of new U.S ...

Gold flat, holds above key support after U.S. housing data
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India may cede top rice exporter spot under Southeast Asian price onslaught
Published on Thursday, April 24, 2014 12:32 PM

By Rajendra Jadhav

MUMBAI - India's rice exports could slide by nearly a quarter this year and knock the country off its perch as top exporter of the grain due to stiff competition from Southeast Asian rivals that have recently slashed prices, Indian industry executives said.

A drop in Indian exports could help Thailand trim a record inv ...

India may cede top rice exporter spot under Southeast Asian price onslaught
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India to make May-July oil payments to Iran - sources
Published on Thursday, April 24, 2014 12:26 PM

By Nidhi Verma

NEW DELHI - India is set to pay Iran $1.65 billion over the next three months under an interim nuclear deal that eases sanctions on Tehran and gives it access to $4.2 billion in blocked funds, four sources with knowledge of the matter said.

As long as Tehran complies with the terms of its preliminary agreement with western pow ...

India to make May-July oil payments to Iran - sources
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Rising stockpiles drag down Crude oil futures
Published on Wednesday, April 23, 2014 6:41 PM

Crude oil prices fell by 0.05 per cent on Wednesday at the domestic markets as US crude oil stockpiles rose last week, signaling waning demand for the fuel in the world’s biggest crude oil consumer. US crude oil stockpiles rose by 519,000 barrels last week, the American Petroleum Institute (API) said. At the MCX, crude oil futures for May 2014 contract were trading at Rs. 6,222 per bar ...

Rising stockpiles   drag down Crude oil futures
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Zinc falls on downbeat US data
Published on Wednesday, April 23, 2014 6:10 PM

Zinc prices fell by 0.04 per cent on Wednesday at the domestic markets as weak US housing data signaled a slowing housing recovery in the world’s biggest economy, dimming the demand outlook for the metal. US existing home sales fell for a third month on the trot in March 2014 as rising prices hit demand.

Sale of previously owned homes in the US fell 0.2 per cent to an annual ...

Zinc falls on downbeat   US data
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Lead rises by 0.38% on falling stockpiles
Published on Wednesday, April 23, 2014 6:02 PM

Lead prices rose by 0.38 per cent on Wednesday at the domestic markets due to the decline in the lead stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME lead stocks fell by 2450 metric tonnes to 196275 metric tonnes as on April 23, 2014. At the MCX, Lead futures, for the April 2014 contract, is trading at Rs 131.50 per kg, up by 0.38 per cent ...

Lead rises by 0.38% on   falling stockpiles
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Brent oil holds above $109 on economic data, Ukraine supports
Published on Wednesday, April 23, 2014 5:34 PM

By David Sheppard

LONDON  - Brent crude oil edged higher above $109 a barrel on Wednesday after stronger-than-expected economic data from China and Europe reinforced the outlook for global demand growth, and as the unfolding crisis in Ukraine deterred sellers.

Last week's peace deal in Ukraine formally ended on Wednesday as the gove ...

Brent oil holds   above $109 on economic data, Ukraine supports
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Low demand, higher arrivals drag down Mentha oil futures
Published on Wednesday, April 23, 2014 4:15 PM

Mentha oil prices fell by 0.07 per cent on Wednesday at the Multi Commodity Exchange (MCX) as a result of the increased arrivals of the commodity in the physical market from the major producing belts in Uttar Pradesh. At MCX, Mentha oil futures for April 2014 contract, at MCX, were trading at Rs. 836.80 per kg, down by 0.07 per cent after opening at Rs. 838.90 against the previous closing pr ...

Low demand, higher  arrivals drag down Mentha oil futures
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Crude Palm oil down on reduced demand
Published on Wednesday, April 23, 2014 3:35 PM

The prices of crude palm oil declined in the domestic commodity market on Wednesday after the traders and speculators offloaded positions in the agri commodity as demand dropped at the spot market. The sentiment weakened further after the supplies of the commodities from the producing areas were in excess to the demand.

At the MCX, Crude Palm Oil future for April 2014 contract tra ...

Crude Palm   oil down on reduced demand
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