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Gold prices retreat as Trump threatens further attacks on Iran

Gold prices retreat as Trump threatens further attacks on Iran

Gold retreated from two-week highs ‌on Thursday after U.S. President Donald Trump said that Washington would continue its military campaign in Iran in the coming weeks, pushing crude prices sharply higher and dampening hopes of interest rate cuts. Spot gold was ​down 2% at $4,664.39 per ounce, as of 0439 GMT, snapping a four-day winning […]

Exclusive: Venezuela's Rodriguez readies Citgo board takeover, sources say.

Exclusive: Venezuela's Rodriguez readies Citgo board takeover, sources say.

Venezuelan interim President Delcy Rodriguez’s administration is getting ready to take over the boards of state oil firm PDVSA’s U.S. subsidiaries, including Citgo Petroleum, four sources close ‌to the preparations said. The move could aggravate a tug of war for the control of the seventh-largest U.S. refiner. Washington in March recognized Rodriguez as Venezuela’s leader […]

Gold demand improves in India as prices ease; China sees softer buying

Gold demand improves in India as prices ease; China sees softer buying

Gold demand in India saw a slight uptick this week as softer bullion prices attracted some buyers, though many remained cautious and held off for further price drop, while premiums in China narrowed as physical demand slowed. Bullion dealers in India offered discounts of up to $61 per ounce over official domestic gold prices this […]

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