De-dollarization push by China and Russia, among others might skyrocket gold prices even higher

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The gold bears have finally caved under the deafening barrage of fiscal and geopolitical catalysts, from Fed hints to intensely brewing conflict with Iran. Gold is already trading well above its 5-year high. Not only has the U.S.-Iran conflict reached a boiling point, with Trump readying to deploy an additional 1,000 troops to the Middle […]

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Reports indicate Iran could be China’s oil weapon

Two reports out this week which could greatly impact oil prices indicate that leaders in Tehran are desperately urging China to purchase more Iranian crude:  First, Reuters notes China continued importing Iranian oil in July for the second month since a US sanctions waiver ended, though at greatly diminished levels compared to the year prior, citing numbers from three data firms: According to […]

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World Soybean demand may rise 1% to 148.86 million tonnes in 2019-20: USDA

World soybean demand in 2019-20 marketing year (October-September) is projected at 148.86 million tonnes, up 1 per cent year on year, due to increased Chinese purchases, according to the latest report by the US Department of Agriculture (USDA). The world’s top soybean importer, China is expected to buy 85 million tonnes of soybeans in 2019-20, […]

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Lab-grown diamond jewellery exports from India to capture 2% of US market

Jewellery made from lab-grown diamonds is likely to capture over 2 per cent of India’s $14 billion worth of overall gems and jewellery exports to the US, the world’s largest consumer of the precious stones and metals, contributing nearly half of the world production. Exports to US, the largest market for Indian exporters is estimated at $280 […]

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India slaps tariffs on welded stainless steel pipes/tubes from China, Vietnam

India has imposed tariffs on welded stainless steel pipes and tubes from China and Vietnam for five years effective July 31, the Ministry of Commerce and Industry said. “The product under consideration has been exported to India from subject countries at subsidized value, thus resulting in subsidization of the product,” the Ministry said adding as […]

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De Beers to curb supply on weakening of diamond market

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De Beers, the world’s biggest diamond miner by value, is scaling back production plans for this year as it tries adjusting to a brewing industry crisis that’s hitting prices and lowering demand for precious stones. The Anglo American unit said a range of factors, including ongoing trade tensions between the United States and China, contributed to a 27% drop […]

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