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Harvey misery hits oil, gold breaks higherCommodities traded higher during the past week with all sectors, not least energy and metals, rising strongly in response to multiple events. The biggest of them all has been the catastrophic impact of Hurricane Harvey across the Texas Gulf Coas More… |
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India gold prices surge on jewellery demandGold prices in top consumer India swung to a premium to the global benchmark this week, compared with discounts late last month, as jewellery demand picked up, a report said. Indian gold prices were at a premium of $2-$3 an ounce More… |
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Barclays fined $44m over gold prices 'fix'Barclays has been fined £26 million ($43.8 million) for failures in internal controls that allowed a trader to manipulate the setting of gold prices, just a day after the bank was fined for rigging Libor interest rates in 2012. More… |
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Gold eases as euro weakens ahead of ECB meetingGold prices eased on Tuesday, pressured by a retreat in the euro ahead of a key European Central Bank meeting later this week, and as investors awaited more transparency on U.S. monetary policy. The euro fell against the dollar on More… |
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Record gold prices keep Bahrain buyers awayGold prices touched BD21 ($55.7) per gram in Bahrain yesterday (August 8), putting off many during what is usually a peak season, said a leading businessman. "International orders have also been reduced to a trickle and will dry up soon if More… |
