Saturday 29 November 2014
 
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Gold

Gold falls for a third day after oil drop

Gold fell on Friday on the back of a slump in oil prices, with strength in the dollar piling further pressure on the metal ahead of a referendum on the management of Swiss bullion reserves this weekend. Oil prices posted their sha

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Gold slips further below $1,200 over fund outflows

Gold dipped for a second session on Thursday, holding below $1,200 an ounce, as outflows resumed from the top bullion exchange-traded fund and traders remained cautious before an upcoming Swiss referendum on central bank bullion assets.

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Gold Holding named distributor of PAMP bars in Saudi

Gold Holding, an integrated gold investment company in the UAE, has been appointed as the exclusive distributor of PAMP minted gold bars of 100 grams or less in Saudi Arabia. PAMP is a leading bullion brand, headquarter in Switzer

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Emirates Steel wins SKEA Gold award

UAE’s top steelmaker Emirates Steel has won the Gold category of the Sheikh Khalifa Excellence Award (SKEA 2014) recently. It was presented by Sheikh Hamed bin Zayed Al Nahyan, chief of Abu Dhabi Crown Prince's Court, at

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Gold could hit $800 warns hedge fund

Gold prices could tumble towards $800 to $900 an ounce, not seen since the 2008/2009 financial crisis, metals merchant and hedge fund Red Kite warned even as the precious metal extended losses to a second session on Tuesday. The m

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Gold rally fizzles, more declines eyed

Gold slipped nearly 1 per cent on Monday after a short covering rally in the previous session fuelled by a softer-than-expected US jobs report. Despite a 3 per cent jump on Friday, gold remained below a key $1,180-an-ounce level t

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Gold firms plan cuts to stay afloat as bullion sinks

Struggling gold producers plan increasingly drastic measures such as scrapping dividends, cutting jobs, halting projects and shutting mines to survive the latest price plunge, but not all of them will make it. Gold tumbled to a mo

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Gold near 4-1/2 year lows as dollar strength bites

Gold languished near its lowest level since April 2010 on Thursday as investors dumped the safe-haven metal amid strength in the dollar and equities, with markets now fearing $1,000 an ounce as the next target level. Silver, under

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Brent drops toward $82 on weak China data, supply glut

Brent crude dropped towards $82 a barrel on Wednesday, stretching losses into a fifth session, as weak economic data from top energy consumer China stoked worries about demand in a market that is already battling a deepening global supply glut.

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Gold and silver struggle near 4-year lows

Gold and silver extended their losing streak to a fourth session on Monday to trade near their lowest in more than four years, with a stronger US dollar and possible technical selling likely to keep them under pressure. Precious m

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