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Oil prices gain on geopolitical risks, inventory worries

LONDON, July 17 (Reuters): Oil prices rose on Thursday, even as global trade tensions appeared to cool, with analysts pointing to low inventories and renewed Middle East risks as factors supporting the market.Brent crude futures were up 31 cents, or around 0.5 per cent, to $68.83 a barrel at 1203...

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Gold prices fall on stronger dollar

Gold prices eased on Thursday, pressured by a firmer US dollar, as investor worries eased temporarily after President Donald Trump said he did not plan to oust Federal Reserve Chair Jerome Powell, reports Reuters.Spot gold was down 0.6 per cent at $3,324.81 per ounce, as of 0958 GMT. US gold...

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Steel billet: New tariff workaround for Chinese steel companies

Chinese steelmakers are bypassing tariffs in countries such as Indonesia and Turkey by exporting semi-finished products, a tactic that undermines barriers against a flood of cheap Chinese metal and is raising concern in Beijing over the surge in lower-value exports, industry sources said, reports Reuters.Record steel exports from the world's...

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