Gold prices fall 1.0pc as investors book profits

Gold prices fell 1.0 per cent on Tuesday, pressured by rising US Treasury yields and profit-booking following a six-week high hit in the prior session, while silver pulled back from its record high hit the previous day, reports Reuters.Spot gold lost 0.7 per cent to $4,204.50 per ounce by 1215...

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China's LNG importer crown at risk as high prices cap demand

LAUNCESTON, Australia, Dec 2 (Reuters): Asia's imports of liquefied natural gas flatlined in November, putting the top-buying region of the super-chilled fuel on track to record its first annual decline in three years.Much of the blame for the soft outcome can be laid at the door of China, which may...

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Oil prices steady on worries about geopolitical risks to supply

LONDON, Dec 2 (Reuters): Oil prices held firm on Tuesday as traders weighed up risks from Ukrainian drone strikes on Russian energy sites and mounting US-Venezuela tensions.Brent crude futures fell 12 cents, or 0.2 per cent, to $63.05 a barrel by 1301 GMT. US West Texas Intermediate crude was down...

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China issues first batch of streamlined rare earth export licences

China has issued the first batch of new rare earth export licences that should accelerate shipments to certain customers, a source said on Tuesday, fulfilling a key outcome of the summit between Presidents Donald Trump and Xi Jinping, reports Reuters.The approvals come after months of disruption triggered by China's introduction...

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