Saturday 12 July 2014
 
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precious

Gold heads for biggest quarterly loss on record

Gold fell to its lowest in almost three years on Wednesday, putting it on course for a record quarterly loss, as US economic data increased fears the Federal Reserve will soon end ultra-loose monetary policy.

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Gold extends losses on firm dollar

  Gold, down in seven of its last eight sessions extended earlier losses on Tuesday on a firm dollar, weak technical signals and speculation that the US Federal Reserve might rein in its stimulus pr

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Gold weakens after Fitch warning

Gold prices fell as much as 0.8 percent on Monday, extending their biggest weekly loss in nearly three months last week, after rating agency Fitch's warning on the possibility of downgrading France. Fitch Ratings warned it may downgrade Fr

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Mouawad unveils $3.8 million diamond purse

The renowned UAE-based jewellery house Mouawad has unveiled the world’s most valuable purse, ‘The Mouawad 1001 Nights Diamond Purse’ worth $3.8 million. It will be on display to the public in the Mouawad Store at the Dubai Mall until today

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Jewellery Arabia opens with 600 exhibitors

Dazzling gems and luxury timepieces from around the world will go on display in Bahrain today at Jewellery Arabia 2010. More than 600 exhibitors from 30 countries are participating in the event at the Bahrain International Exhibition and C

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Pure Gold launches discount offer

Award-winner Pure Gold Jewellers will give free diamond jewellery this summer from June 17 to August 7, in a new promotion which offers upto 100 per cent discount. Customers who buy items from the Pure Diamond Jewellery collection will rec

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Pure Gold opens its 45th outlet in Dubai

Pure Gold Jewellers, the award-winning customer service jewellery retailer, has opened its 45th outlet in Dubai at Deira City Center. The new outlet will display a large collection of diamond jewellery designs in competitive price ranges a

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Gold at new high on weak dollar

Gold rose above $1,120 an ounce to a fresh record high on Thursday as the US dollar wavered near 15-month lows, while Asian shares lost ground as investors took profits after four days of gains. Financial spreadbetters expected British and

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Gold retreats from record as dollar firms

Gold prices retreated on Thursday from the record highs they hit in the previous session as the dollar rose ahead of policy decisions from the UK and the euro zone, which curbed appetite for assets seen as higher risk. The precious metal r

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Gold rises above $1,030/oz as dollar wilts

Gold prices rose back above $1,030 an ounce in Europe on Thursday as the dollar gave up gains against the euro ahead of key US economic growth data due later in the session. Some physical demand is returning to the market as prices plumb t

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