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Oil hits three-week lowOil fell to a three-week low near $101 a barrel on Thursday in a broader commodities selloff as a decline in China's factory activity entrenched concern about weak demand and on worries about an early scale-back in US Federal Reserve stimulu More… |
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Warning signs for China, Fed hints at curbing stimulusChinese factory activity shrank in May for the first time in seven months, overshadowing signs that the euro zone's downturn tempered slightly in May, business surveys showed on Thursday. More… |
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Gold slips after Bernanke commentsGold fell for a third straight session on Thursday after US Federal Reserve chairman Ben Bernanke hinted at reducing an $85 billion bond-buying programme, which has increased the precious metal's appeal as a hedge against inflation. More… |
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Gold falls further in longest losing streakGold fell on Friday for a seventh straight session, in its longest losing streak since March 2009, as the dollar strengthened and investors cut exposure to the precious metal, fearing further drop More… |
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Fed orders Citi to improve money laundering checksThe Federal Reserve has ordered Citigroup to better police for the risk of money laundering, part of a broad US regulatory crackdown on the potential for illicit money flows. The Fed told Citigr More… |
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Brent holds steady above $112 on Fed assuranceBrent futures held steady near $113 a barrel on Wednesday after Federal Reserve's affirmation of its commitment to monetary stimulus renewed hopes of a revival in demand growth in the world's biggest oil consumer. More… |
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Hoping for answers to three big questionsThis week should bring clarity on three major issues hanging over the world economy: might the Federal Reserve withdraw monetary stimulus sooner rather than later? Will Italy elect a stable, reform-minded government? Will Japan More… |
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Gold rises as data suggests Fed stimulus may stayGold firmed on Friday, extending gains from the previous session as lacklustre US data bolstered hopes that the Federal Reserve's monetary stimulus would stay in place, though prices were headed for a second straight weekly More… |
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Gold hits 7-month lowGold dropped to a seven-month low on Thursday, its third straight session of weakness, as signs that some Federal Reserve officials were reconsidering the scale and duration of the US monetary stimulus programme spooked investo More… |
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Gold falls below key $1,700 levelGold dropped about 1 percent on Thursday after the Federal Reserve linked its monetary policy to unemployment, raising concerns that future economic stimulus could be limited. Gold benefits from More… |
