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Day: September 24, 2024

Oil Prices Rise amid Middle East Supply Concerns

Oil prices rose today on concerns that tensions in the Middle East could hit regional supply, while a major hurricane loomed over the United States, the world’s biggest crude producer.

Brent crude futures for November were up 21 cents, or 0.3 %, at …

Gold Prices Steady after Fed Policymakers Back Rate Cuts

Gold prices held their ground today, after hitting an all-time high in the previous session, following comments by US Federal Reserve’s officials that backed additional interest rate cuts in the future.

Spot gold was steady near $2,625.52 per ounce….

China Unveils Broad Stimulus Package to Revive Economy

China’s central bank today unveiled a broad package of monetary stimulus and property market measures to revive the economy which is grappling with strong deflationary pressures and in danger of missing this year’s growth target.

People’s Bank of Ch…