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Gold falls on revived prospects for US-N.Korea summit
(The Gulf Today - 29/05/2018)

Gold prices fell for a second session on Monday after US President Donald Trump revived hopes that he would meet North Korean leader Kim Jong Un next month, lowering political tensions and demand for gold as a safe haven investment. The dollar also

Gold rises on US-China trade negotiations but dollar weighs
(Gulf News - 24/05/2018)

Gold prices rose on Wednesday on uncertainty about trade talks between the United States and China, which boosted the metal’s safe-haven appeal, but a firmer dollar kept a lid on gains.<br/><br/> The precious metal, which is often used as store of wealth

Gold bulls push for the exits on strong dollar and lack of fear
(Gulf News - 20/05/2018)

The strong dollar is proving too much of a headwind for gold. Hedge funds and other large speculators pared bullish bets on bullion to the lowest in more than two years as the metal fell below $1,300 an ounce for the first time this year, spurring the

New phase of copper mining set to take off in the Sultanate
(Oman Daily Observer - 17/05/2018)

Early works have commenced at the sites of three commercially significant copper mines that have the potential to ignite a new phase of copper mining in the Sultanate.<br/><br/> It follows announcements by the projects’ respective developers that they

Gold firms as dollar retreats from 2018 peak
(Gulf News - 15/05/2018)

Gold prices edged higher on Monday as the dollar retreated from a 2018 peak after subdued US inflation data last week highlighted the prospect of fewer US interest rate increases than previously expected this year.<br/><br/> Spot gold was up 0.1 per cent

VAT charges removed on gold at wholesale level
(Gulf News - 02/05/2018)

The UAE has rolled back the 5 per cent Value Added Tax (VAT) on gold and diamond sectors at the wholesale level. Retailers will continue to impose 5 per cent on all jewellery transactions taking place at their shops. <br/><br/> But the move, announced by

GCC imposes ‘safeguard’ tariff on iron and steel products
(Oman Daily Observer - 02/05/2018)

The countries of the Gulf Cooperation Council (GCC) will impose a safeguard tariff of $169 per tonne on imports of certain iron and steel products from May 15, they said in a filing published by the World Trade Organization on Monday.<br/><br/> The

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