Saturday 22 November 2014
 
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Gold

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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Dubai accounts for 25pc global gold trade

Dubai has now firmly established as one of the world’s leading gold retail destinations accounting for 25 per cent of global physical gold trade, said a report released ahead of a major industry event. Dubai International Je

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Dubai accounts for 25pc global gold trade

Dubai has now firmly established as one of the world’s leading gold retail destinations accounting for 25 per cent of global physical gold trade, said a report released ahead of a major industry event. Dubai International Je

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Batelco wins key Cisco certification

Bahrain’s leading telecommunication service provider Batelco has won the Cisco Gold Certification. Batelco said it has met the requirements by offering a broader range of certification and expertise in advanced technologies,

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Gold retreats from 4-week high as dollar rises, oil slides

Gold retreated from an earlier four-week high on Tuesday, losing momentum as lacklustre euro zone data hurt the euro versus the dollar, though fears over global growth limited losses. Deepening worries over the health of the globa

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