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Oil

Oil prices dropped on Friday as a rising U.S. rig count stoked fears of oversupply and after Chinese regulators opened an investigation into suspected stock market manipulation. 34 more words

Gold

BASE METALS

London copper was set for a second weekly rise on Friday, underpinned by prospects of a demand recovery later in the year and as short holders closed positions, but traders said concerns over Greece and slowing growth in China would crimp gains. 48 more words

Gold

Spot gold News

Spot gold was steady at $1,167 an ounce by 0053 GMT. The metal fell to $1,156.85 on Thursday, its lowest since mid-March, but pared some losses after U.S. 16 more words

Gold

MCX NEWS

Gold was steady above a 3-1/2 month low on Friday, as sluggish U.S. jobs data tempered expectations for a September rate hike by the Federal Reserve and hurt the dollar. 14 more words

Gold

TREASURIES

U.S. Treasuries prices rose on Thursday, rebounding from the prior day’s selloff, as data showed an improving labor market cooled in June, raising doubts whether the Federal Reserve would end its near-zero interest rate policy later this year. 53 more words

Gold

FOREIGN EXCHANGE NEWS

The dollar slipped in early Asian trading on Friday, as disappointing U.S. employment data and caution ahead of Greece’s referendum on bailout conditions kept the market mood subdued. 40 more words

Gold

Nikkei News Update

Japan’s Nikkei share average drifted lower on Friday as caution ahead of a Greek national vote over the weekend suppressed investors’ appetite for risk, with Fast Retailing Co sliding after it reported a drop in domestic sales. 46 more words

Gold