Tuesday 29 July 2014
 
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Gold

Gold falls below $1,300 as equities gain

Gold broke below the key psychological level of $1,300 an ounce on Thursday as safe-haven demand for the metal eased due to rising Asian equities and strong Chinese manufacturing data. Physical demand in the region, however, incre

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Gold falls below $1,300 as equities gain

Gold broke below the key psychological level of $1,300 an ounce on Thursday as safe-haven demand for the metal eased due to rising Asian equities and strong Chinese manufacturing data. Physical demand in the region, however, incre

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Gold below $1,300 on stronger dollar

Gold steadied after two days of losses on Wednesday but held below $1,300 an ounce, near a four-week low, on a stronger dollar and fears that the Federal Reserve could hike US interest rates sooner than expected. Fed Chair Janet Y

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Gold climbs towards 2-month high on softer dollar

Gold climbed towards a two-month high on Friday and looked set to post its fourth straight weekly gain, as weak U. data on consumer spending hurt the dollar. US consumer spending rose less than expected in May, prompting economists to d

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Gold hits 2-month high as stocks, dollar retreat

Gold hit a two-month high on Tuesday and silver reached its highest since mid-March as a drop in European shares after soft German economic data and a weaker dollar helped the metal build on last week's gains. Spot gold hit a

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World stocks at record peak, gold holds gains

An index of global stocks nestled near record highs on Friday while gold celebrated its biggest one-day rise in nine months as markets wagered monetary policy would stay super loose in the US, Europe and Japan for a long time to come.

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Gold steady after hitting 3-week high

Gold steadied below a three-week high on Tuesday as escalating tensions in Iraq attracted some safe-haven bids, while investors waited for a Federal Reserve meeting this week before taking any big positions. The Fed's two-day

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Gold hits 3-week high over Iraq turmoil

Gold hit its highest in nearly three weeks on Monday, as turmoil in Iraq supported the metal's safe-haven appeal, while platinum group metals gained ahead of the outcome of wage talks to end a five-month long strike in South African mines.

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DGCX volumes surge 24 per cent in May

The Dubai Gold and Commodities Exchange (DGCX) has recorded a 24 per cent growth in May as compared to the previous month, aggregating more than one million contract at $31.5 billion.   The currency segment was t

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Gold slips 2pc after US data

Gold slipped 2 percent to a 3-1/2 month low on Tuesday, extending losses after strong US data lifted optimism about the economy, while platinum fell after South Africa's mining minister pledged to mediate in a long-running strike.

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