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Gold sales jump about 20 pct for Diwali - trade body
Published on Friday, October 24, 2014 2:40 PM

By A. Ananthalakshmi

SINGAPORE  - Gold sales in India during the festivals of Diwali and Dhanteras celebrated this week rose by about a fifth, a senior official at the country's biggest gold trade group said on Friday.

Premiums in India, the second biggest buyer of bullion, jumped to $17-$18 an ounce this week, compared with $12 las ...

Gold sales jump about 20 pct for Diwali - trade body
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Brent inches up to near $85, China PMI spurs optimism
Published on Friday, October 24, 2014 10:03 AM

By Jane Xie

SINGAPORE - Brent crude reversed early losses to edge up towards $85 a barrel on Thursday as better than expected factory data from China countered concerns over rising supply.

China's manufacturing activity quickened to a three-month high in October, with the HSBC/Markit manufacturing purchasing managers' index rising to ...

Brent inches up to near $85, China PMI spurs optimism
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Gold steadies above $1,240 as Asian equities slide
Published on Friday, October 24, 2014 10:24 AM

By A. Ananthalakshmi

SINGAPORE  - Gold steadied above $1,240 an ounce on Thursday as Asian stock markets weakened, but caution prevailed as the dollar hovered near one-week highs and outflows from bullion funds continued.

Asian shares sagged after a retreat on Wall Street and falling crude oil prices rekindled investor anxiety over slow ...

Gold steadies above $1,240 as Asian equities slide
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Oil slips to $86 on NY Ebola case, slowing growth
Published on Friday, October 24, 2014 2:47 PM

By Sam Wilkin

LONDON - Brent crude fell oil to around $86 a barrel on Friday after a confirmed case of Ebola in New York raised fears that travel restrictions could trim jet fuel demand, and poor economic growth expectations weighed on projected oil demand.

European equities and U.S. stock futures fell sharply on news that a doctor in New Yo ...

Oil slips to $86 on NY Ebola case, slowing growth
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Gold edges higher but set for weekly loss on dollar and U.S. data
Published on Friday, October 24, 2014 3:47 PM

By A. Ananthalakshmi

SINGAPORE  - Gold inched up on Friday as European shares fell but was set to snap a two-week winning streak on a firm dollar and robust economic data that dented demand for the metal as an insurance against risk.

Spot gold was up 0.1 percent at $1,232.10 an ounce by 0956 GMT, after slipping more than 1 percent in th ...

Gold edges higher but set for weekly loss on dollar and U.S. data
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Copper rises by 0.38% on ECB stimulus hopes
Published on Wednesday, October 22, 2014 5:10 PM

Copper prices rose by 0.38 per cent on Wednesday at the domestic markets as hopes of fresh stimulus from the European Central Bank lifted sentiment. ECB is considering buying corporate bonds and could decide on the matter as soon as December. The move is an effort to increase liquidity in the region and spur economic activity. At the MCX, copper futures for November 2014 contract were tradin ...

Copper rises by 0.38% on ECB stimulus hopes
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Zinc gains on strong US data
Published on Wednesday, October 22, 2014 5:08 PM

Zinc prices rose by 0.70 per cent on Wednesday at the domestic markets after US existing home sales rose to a 12-month high in September, easing concerns over the health of the housing market which raised the demand prospects for the metal. The National Association of Realtors said that existing home sales increased 2.4 per cent to a seasonally adjusted 5.17 million units last month from 5.0 ...

Zinc gains on strong US data
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Fall in stockpiles lift Lead futures
Published on Wednesday, October 22, 2014 5:07 PM

Lead prices rose by 0.73 per cent on Wednesday at the domestic markets due to the decline in the lead stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME lead stocks fell by 224675 metric tonnes to 224675 metric tonnes as on October 22, 2014. At the MCX, Lead futures, for the October 2014 contract, is trading at Rs 124.95 per kg, up by 0.73 pe ...

Fall in stockpiles lift Lead futures
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Tight supply lifts Mentha oil futures
Published on Wednesday, October 22, 2014 5:05 PM

Mentha oil prices rose by 0.73 per cent on Wednesday at the Multi Commodity Exchange (MCX) due to tight stocks position in the physical market due to restricted arrivals from producing belts. At MCX, Mentha oil futures for October 2014 contract, at MCX, were trading at Rs. 686.70 per kg, up by 0.73 per cent after opening at Rs. 682.60 against the previous closing price of Rs. 681.70. It touc ...

Tight supply lifts Mentha oil futures
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