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11.08.26 - 08:48
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Oil prices rise and gold hits two-month high after Trump makes new deal demands on Iran – business live (The Guardian)
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US president demands compensation for damage incurred by US, complicating standoff with TehranGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.Oi prices have risen slightly this morning to the highest levels in more than a week, as hopes receded of a deal between the US and Iran to end the war and reopen the strait of Hormuz, after Donald Trump demanded compensation for damage incurred by the US.We're going to ask for money for the damage they've done over a 50-year period. So if there's damages to be paid, I think Iran should pay those damages.This is going to be almost a war of attrition now. You probably can see the [oil] market sitting around the $75 to $95 range while we wait to see who blinks first.We still retain the view that the Fed or the Bank of England will not hike rates, though the European Central Bank may be tempted to deliver another hike at the September meeting. Tomorrow's inflation data would be key for setting the tome of m...
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11.08.26 - 08:06
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Gold breakout rally sends Chinese bullion stocks near highs as central banks keep buying (SCMP)
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A rebound in gold prices has pushed shares of Chinese producers of the precious metal near record highs, while the bullion's status as a strategic investment remains intact amid global central bank buying and financial stress in the world's key economies.
Shares of Zijin Mining Group and Chifeng Jilong Gold Mining Group, the nation's biggest metal producers, have risen at least 40 per cent from July lows in Shanghai, approaching all-time highs set earlier this year. A gauge of mainland-listed......
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11.08.26 - 07:30
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Titan CFO on Expansion Plans, Gold Demand (Bloomberg)
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Titan CFO, Ashok Sonthalia, says the company is planning to add 35 flagship Tanishq stores over the next one to two years. Speaking with Paul Allen on Insight with Haslinda Amin, he also discussed demand trends, the impact of India's higher gold import duty, and margin outlook. (Source: Bloomberg)...
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