CHINA

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Trade gap widens sharply in June

The trade deficit widened a surprising 18.8 percent in June on a surge of consumer goods from China and other suppliers, suggesting second-quarter economic growth was much weaker than previously thought.

Thank God, even Fed can't halt gold boom

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The worried and hassled world of bullion investors heaved a sigh of relief following the release of US Federal Reserve report this week following which the gold prices showed signs of gains.

Oil drops below $80 as IEA warns of risks

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Oil fell below $80 on Wednesday, as a report from the International Energy Agency (IEA) that warned of risks to demand did nothing to dent bearish sentiment caused by economic fears and a sharp fall in equity markets.
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Gold slides below $1,200/oz as dollar strengthens

Gold fell in Europe on Wednesday as a 1 percent rise in the dollar outweighed potentially supportive news that the U.S. Federal Reserve is holding interest rates at record lows and extending quantitative easing.
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U.S. wheat rebounds, up 2 percent ahead of USDA report

U.S. wheat futures bounced back on Wednesday, snapping a three-session losing streak, as traders took positions ahead of a key U.S. government report expected to estimate lower global output after Black Sea crop damage.
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Gold inches up after Fed's move; physicals cautious

Gold edged up on Wednesday on bargain hunting driven by a drop in stock markets and after the U.S. Federal Reserve said it would keep interest rates low, but a lack of physical buying could cap gains. The dollar slipped toward a 15-year low against the yen after the Fed took steps to bolster the fragile U.S. recovery, while Asian stocks tracked losses in Wall Street and were also dragged down by tech sales.
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Australian Dollar Outlook 11/8/2010

The Australian Dollar continued to be sold off late yesterday and into the evening trading session ahead of the widely anticipated FOMC Meeting overnight.
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Productivity weakens in second quarter

Business productivity fell for the first time in 1-1/2 years in the second quarter and labor costs hardly rose, underlining the halting pace of economic recovery.
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Intel shares slide after analysts' downgrade

Shares of Intel Corp and Advanced Micro Devices Inc fell on Tuesday after analysts downgraded shares of the world's top chip maker, warning of a weakening outlook for corporate and consumer IT spending globally.
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Wall Street falls as investors brace for Fed

Stocks declined on Tuesday due to investors' uncertainty whether the Federal Reserve will announce action to boost the U.S. economy as the recovery appears to be losing steam.
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Wall St falls as investors brace for Fed

U.S. stocks declined on Tuesday due to investors' uncertainty whether the Federal Reserve will announce action to boost the U.S. economy as the recovery appear to be losing steam.
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Wall Street dragged down by commodities

Stocks dropped sharply on Tuesday as commodity shares were hit by indications China's economic growth may be slowing and by mounting uncertainty over the Federal Reserve's assessment of the U.S. economy, due later in the session.
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Oil falls below $80

Oil dropped more than a dollar below $80 a barrel on Tuesday, sapped by hints of weaker demand for fuel in the world's top energy users and a strengthening U.S. dollar. U.S. crude for September delivery fell $1.80 to $79.68 a barrel by 1304 GMT, off a session low of $79.55. London Brent crude was down $1.90 at $79.09.
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Silver bull run to continue

Silver is unlikely to lose its charm in the coming days even as analysts predicted that the metals is expected to remain bullish this week, supported by technical indicators, a weak dollar and weaker China economic data.
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Stock futures lower ahead of Fed

Stock index futures fell on Tuesday, weighed by worries over weaker-than-expected import data from China and a cautious mood ahead of the Federal Reserve's meeting on monetary policy.
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Stock futures weighed by China data

Stock index futures fell on Tuesday, weighed by worries over weaker-than-expected import data from China and a cautious mood ahead of the Federal Reserve's meeting on monetary policy.
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Stock index futures signal losses ahead of Fed

Stock index futures pointed to a lower open on Wall Street on Tuesday ahead of the outcome of the Federal Reserve's policy meeting, with futures for the S&P 500 down 0.58 percent, Dow Jones futures down 0.52 percent and Nasdaq 100 down 0.67 percent at 4:45 a.m. EDT.
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Mine disasters hit gold production

It seems disasters are set to hit gold production in a big way this year. As reports come in from China about fire at a gold mine at Yantai in Shandong province killing 16 people, Chile also reported major accidents at its mines last week.
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Oil falls below $81 as eyes on U.S. and China demand

Oil dropped a dollar to below $81 a barrel on Tuesday, sapped by hints of weaker demand for fuel in the world's top energy users and a strengthening U.S. dollar. U.S. crude for September delivery fell $1.03 to $80.45 a barrel at 6:20 a.m. ET, off a session low of $80.30. London Brent crude was down $1.30 at $79.69.
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U.S. stock index futures signal losses ahead of Fed

U.S. stock index futures pointed to a lower open on Wall Street on Tuesday ahead of the outcome of the Federal Reserve's policy meeting, with futures for the S&P 500 down 0.58 percent, Dow Jones futures down 0.52 percent and Nasdaq 100 down 0.67 percent at 4:45 a.m. ET.
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Gold steady around $1,200 before Fed meeting

Gold steadied around $1,200 on Tuesday on bargain hunting as investors bet the U.S. Federal Reserve would take further steps to ease monetary policy later in the day, boosting bullion's safe-haven appeal.

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