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Oil and gold prices hit multi-month highs on demand rise
Oil and gold prices hit multi-month peaks last week on improved demand prospects in the world’s two biggest economies, the United States and China, and owing to a weaker dollar.
Gulf will still be the world’s key oil provider in 2040
The report also acknowledges the increases in production capacity in non-Opec countries like the United States, Brazil or Canada.
Gold up 1.6% on weak dollar and US output data
Bullion snapped five weeks of advances last week, falling 2 per cent, but posted a 3.2 per cent gain in January for the first monthly increase in five, owing to weakness in global equities gripped by concerns over emerging economies.
India gold import curbs review in March on deficit control
India can review gold import curbs by the end of March if Asia’s third-largest economy controls the current-account deficit, said Finance Minister Palaniappan Chidambaram.
WTI crude expected to decline as US stock supply rise
West Texas Intermediate crude futures may fall this week on concern that inventories will rise amid weak demand, a Bloomberg survey showed.
Brent crude rises for first time in 4 days
Brent crude advanced after a three-day decline on signs that demand is strengthening as the economic recovery takes root in developed nations. Brent for March settlement climbed as much as $1.14 to $107.49 a barrel on the London-based ICE Futures Europe exchange and was at $107.43 as of 10:40am local time.
Gold falls 1% on stronger dollar, Fed speculation
Gold fell one per cent on Tuesday, dragged down by firmer equities and a stronger dollar after renewed talk that the US Federal Reserve may announce a further cut in its bond-buying programme at its meeting next week.
London gold fix to face overhaul amid scrutiny
Banks are considering an overhaul of London’s century-old gold benchmark used by miners, jewellers and central banks to buy, sell and value the precious metal, according to a person with knowledge of the process.
Oil falls below $107 on Iran nuclear deal
Oil fell below $107 a barrel on Monday after six major powers struck a fresh six-month deal with Iran to curb its nuclear programme.
Gold steady after rally to 1-month high
Gold steadied on Monday off an earlier one-month high, with a rally sparked by last eek’s weak US jobs data running out of steam as analysts predicted the Federal Reserve will continue tapering monetary stimulus.
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