Indian export curbs drive boom in barter smuggling

PETRAPOLE, Dec 6 (Reuters): Guards on either side of a border checkpoint between India and Bangladesh scour vehicles and frisk passengers in a hunt for illicit consignments of gold and drugs, as well as food staples such as sugar, grain and even onions."We caught smugglers in August who were transporting...

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Gold heads for second weekly fall; focus on US payrolls data

Gold prices edged higher on Friday but were headed for a second straight week of decline as market participants braced for US payrolls data that is expected to provide cues on the Federal Reserve's interest rate cut trajectory, reports Reuters.Spot gold was up 0.2 per cent to $2,638.45 per ounce...

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Oil set for weekly loss on surplus fears despite OPEC+ cut extensions

Oil prices fell on Friday as analysts continued to forecast a supply surplus in 2025 despite the OPEC+ decision to postpone planned supply increases and extend deep output cuts to the end of 2026, reports Reuters.Brent crude futures were down 65 cents, or 0.9 per cent, to $71.44 per barrel...

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