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Gold Prices Increase To in London as China Increase Gold Mine Reserves and Prodution
Gold rose to a three-week high in London, heading for its first weekly gain since March, after a report that China’s reserves of the precious metal increased 76 percent since 2003.
Oil-rich Abu Dhabi takes lead from high-flying Dubai
Abu Dhabi, which controls more than 90 percent of the vast oil wealth of the United Arab Emirates (UAE), appears to have set its sights on following the example of booming Dubai.
Officials from the largest emirate in the UAE federation used the podium of a two-day economic forum this week to emphasise the emirate’s drive [...]
Gold, platinum plummet as inflation fears ease
Gold tumbled to a three-month low and platinum fell to its lowest level in more than five months on Wednesday as fears of rising inflation eased, traders said.
Weaker oil prices and a firmer dollar prompted many investors to abandon trading positions, they added.
Other precious metals also declined, with palladium falling to its lowest level in [...]
