Weak dollar, investor buying drive gold to record high

LONDON, Aug 20 (Reuters): Gold prices hit a record high on Tuesday as a weaker dollar and buying by Western investors extended the precious metal's rally amid bets the US Federal Reserve will cut interest rates in September.Spot gold was up 1.0 per cent to $2,528.38 per ounce by 1254...

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Oil slips for a third day on ME tensions, demand concerns

Oil prices dipped on Tuesday, retreating for a third straight day, as Israel accepting a proposal to tackle disagreements blocking a ceasefire deal in Gaza eased supply concerns, while China's economic weakness continued to weigh on demand outlook, reports Reuters.Brent crude edged 2 cents lower, or 0.03 per cent, at...

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Aluminium hits 5-week high

LONDON, Aug 20 (Reuters): Aluminium prices hit their five-week high on Tuesday on increased fund buying and a shortage of raw material in top producer China.Three-month aluminium on the London Metal Exchange earlier touched $2,482 per metric ton, the highest since July 15. It last traded up 1.4 per cent...

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