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NEW DELHI: Gold and silver futures drifted further lower in the morning trade on Wednesday as doubts over government transition in Washington faded, increasing risk appetite. US president-elect Joe Biden moved swiftly to make Cabinet choices after defeating President Donald Trump, who gave the go-ahead for Biden to start receiving daily intelligence briefings, a sign
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Gold prices eased on Monday as drugmaker AstraZeneca injected fresh optimism into the race for a COVID-19 vaccine, bolstering appetite for riskier assets and overshadowing support for bullion from a weaker dollar. Spot gold had fallen 0.4% to $1,863.21 per ounce by 1328 GMT and U.S. gold futures were 0.6% lower at $1,861.40. Britain‘s AstraZeneca
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Sterling opens the week on firm footing as lifted by UK’s trade deal with Canada. There’s also report on increasing expectation of a deal with EU to be sealed this week. New Zealand Dollar is also firm after strong Q3 retail sales rebound. On the other hand, Dollar, Yen and Swiss are trading generally lower,
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Zinc prices fell 1.46 per cent to Rs 222 per kg in futures trade on Monday as speculators reduced their exposure taking negative cues from spot market. On the Multi Commodity Exchange, zinc contracts for November delivery traded lower by Rs 3.30, or 1.46 per cent, at Rs 222 per kg in 1,097 lots. Analysts
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Third quarter economic growth in Singapore rebounded: Q3 GDP +9.2% q/q (seasonally adjusted rate) vs. expected 9.5%, prior 7.9% Q3 GDP -5.8% y/y vs. expected -5.8%, prior -7.0% More: The Ministry of Trade and Industry has revised their 2020 GDP growth forecast to -6.5% to -6% (previous forecast -7% to -5%) forecasts 2021 GDP growth of
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By Julian LeeAll is not well in the house of OPEC. As the cartel’s oil ministers prepare to meet in just over a week to decide on the next step in their record-breaking output deal, officials in the United Arab Emirates, normally a loyal Saudi ally, are privately questioning the benefits of participating, and may
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As suggested in the CFTC Commitments of Traders report in the week ended November 17, NET SHORT of USD Index futures dropped -154 contracts to 974. Speculative long positions increased +937 contracts and short positions gained +783 contracts. Concerning European currencies, NET LENGTH in EUR futures fell -1 327 contracts to 133 960. NET SHORT
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The existing Comprehensive and Economic Trade Agreement (CETA) deal will be ‘rolled over’ as a short-term transitional agreement (small changes are being made to language to accommodate CAD-UK only trade as the original CETA was made when the UK part of the EU). the deal must be approved by both governments (Canada’s Parliament must approve new legislation)
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