Gold heading towards Rs 45,000 per 10 grams level amid volatility in global markets

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Volatility in the global markets has once again brought gold back in focus, with the price of the yellow metal rising sharply worldwide. In India, it is approaching the Rs 45,000-level. This is a boon for investors holding gold exchange-traded funds and sovereign gold bonds (SGBs). At present, it is perhaps the only instrument to be providing […]

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Outlook for Asian oil refining & marketing sector is stable on steady earnings growth – Moody’s

The outlook for the Asian oil refining and marketing (R&M) sector is stable, with the EBITDA of rated companies growing a modest 5% through 2018, Moody’s Investors Service said in a report. “Driven by China’s and India’s appetite for petroleum products and continued capacity rationalization, we believe refining margins will remain firm, thereby supporting the […]

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Daily Masala

Here is what others are talking about this morning: Asian stocks advance after U.S. debt-ceiling deal Oil up after Harvey fallout; Irma heads toward Florida Gold holds steady amid softer dollar Wrapped in plastic, China’s farmland is suffering Essar to invest $250 million in its UK refinery India’s oilmeal exports surge 78% Myanmar’s pulse and […]

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