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Subhranshu Sahu

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Articles

Gold Set for Weekly Loss on US-Iran Rate-Hike Fears

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By Sumit Saha, Subhranshu Sahu, Leroy Leo Verified
| GuruTrade
All precious metals head for weekly decline Oil set for weekly gain Investors to focus on inflation data next week July 10 (Reuters) - Gold edged lower ​on Friday and was set for a weekly loss, as rising crude ‌oil prices and escalating U.S.-Iran tensions fed concerns that the Federal Reserve may keep monetary policy tight for longer. Spot gold fell 0.4% to $4,105.97 per ounce by 1106 GMT, leaving it down about 1.6% ​for the week.
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Gold Heads for 1st Weekly Rise in 5 on Easing Rate-Hike Bets

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By Pablo Sinha, Rashmi Aich Verified, Subhranshu Sahu
| GuruTrade
Nonfarm payrolls increase 57,000 in June, miss expectations Traders see 54% chance of September rate hike, down from 66% All precious metals head for ​weekly gains July 3 (Reuters) - Gold rose more than 1% on Friday and ‌was set for its first weekly gain in five, as investors dialled back expectations for U.S. rate hikes following softer-than-expected jobs data. Spot gold was up 1.4% at $4,179.42 per ounce, as of 0744 GMT, ​after earlier hitting its highest level since June 23.
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Indian Shares Advance as Oil Falls on Middle East Hopes

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By Bharath Rajeswaran Verified, Subhranshu Sahu
| GuruTrade
June 12 (Reuters) - Indian shares advanced on Friday, tracking gains in other Asian markets, as oil prices fell after U.S. ​President Donald Trump cancelled plans to strike Iran, citing progress in ‌talks. The benchmark Nifty 50 rose 1.02% to 23,398.9, while the BSE Sensex climbed 1.17% to 74,693.12 by 9:35 a.m. IST. Other Asian stock markets jumped 3.8%. Brent crude ​futures slipped to near two-month lows, tempering inflation fears.
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