⁠⁠⁠⁠⁠Commodity Alert: Gold rose to its highest in over a week ….

Following comments from key central bankers at an economic policy meeting in the United States boosted the sentiment yellow metals. Spot gold rose 0.5 percent to $1,297.60 an ounce, after reaching its highest since Aug. 18 at $1,298.58 earlier. At the meeting in Jackson Hole on Friday, Yellen made no Reference to U.S. monetary policy but instead focused on financial regulations, leading traders to expect a slowing in further interest rate hikes. Later in the day, European Central Bank Chief Mario Draghi said the bank's ultra-loose monetary...

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Commodity Alert: MCX mentha rises on concerns over damage to crop

                          The August contract of mentha oil rose on the MCX because of concerns over damage to the fresh mentha crop after heavy rains in Uttar Pradesh, the largest producer. Firm demand for the spice oil from the pharmaceutical industry also supported the prices. A fall in the inventories of the spice oil at the MCX-accredited warehouses aided the gains.  Stocks of mentha oil at the warehouses declined to 1,883.24 tn Wednesday, down 34.92 tn from Tuesday. Source:...

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