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Gold bars are seen at the Austrian Gold and Silver Separating Plant 'Oegussa' in Vienna, Austria, March 18, 2016. REUTERS/Leonhard Foeger/File Photo

Gold Heads for Biggest Quarterly Gain Since 2016 on Virus Woes

(Bloomberg) -- Gold headed for the biggest quarterly advance since 2016 amid a surge in demand for haven assets due to the ongoing coronavirus outbreak,...
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Central bank, job cuts

UAE’s Central Bank Lowers Interest Rates In Line With Fed cuts

The Central Bank of the UAE has lowered interest rates in line with the decrease in interest rates on the US dollar, following the...
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Goldman Sees Gold Hitting $1,800 as ‘Haven of Last Resort’

Goldman Sees Gold Hitting $1,800 as ‘Haven of Last Resort’

(Bloomberg) -- Goldman Sachs Group Inc. boosted its gold forecast to $1,800 an ounce as the coronavirus, depressed real rates, and increased focus on the...
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With Gold Up, Miners Face Payouts Versus Production Dilemma

With Gold Up, Miners Face Payouts Versus Production Dilemma

(Bloomberg) -- As gold prices rise, miners have been boosting shareholder payouts in the face of a decline in global output. That’s worrying some investors concerned...
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Gold Nears Six-Year High as Mideast Tensions Spur Haven Demand

(Bloomberg) --Gold neared a six-year high after a U.S. airstrike killed one of Iran’s most powerful generals, ratcheting up tensions in the Middle East...
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Gold’s December Rally Stays Alive to Seal Best Year Since 2010

(Bloomberg) --Gold climbed to a three-month high to clinch its best annual performance since 2010, as a weaker dollar helped cap a year marked...
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Palladium Is Now More Expensive Than Gold Has Ever Been

(Bloomberg) --Palladium rose for a 15th day, heading for its longest run of gains on record and exceeding the highest-ever price of gold. Spot palladium...
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Gold’s impressive growth may spill to 2020

(Bloomberg) --Gold’s impressive advance in 2019 -- aided by trade war frictions, easier monetary policy across the world’s leading economies and sustained central-bank buying...
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India’s Shifting Demographics Have Led to Lower Gold Purchases

(Bloomberg Opinion) -- The world’s most important gold market isn’t what it used to be. Just a decade ago, India’s hunger for gold jewelry and...
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cryptocurrency

New Gold-based, Sharia-compliant cryptocurrency to enter UAE market

Coin M, a gold-based, Sharia-compliant cryptocurrency, a first-of-its-kind in the Middle East region, might be available in the UAE market by end of 2019,...
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