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Oil jumps, gold skids on last-minute US debt dealOil, industrial metals and grains rose on Monday and gold lost some safe-haven appeal after US lawmakers agreed to raise the US debt limit to avert default, but euphoria over the news could be brief, given a bleak macroeconomic outlook. More… |
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Obama seeks 'Plan B' as debt plans stallA Republican plan to cut the US deficit faced delay and stiff opposition on Wednesday, raising the risk of default and a ratings downgrade as the clock ticks towards a deadline less than a week away. Deeply divided Republican and Dem More… |
