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Budget Boost Gives Putin an Incentive to Stick With OPEC+ Cuts

Budget Boost Gives Putin an Incentive to Stick With OPEC+ Cuts

Russian President Vladimir Putin has a strong incentive not to rock the boat when OPEC+ nations meet in the coming days to decide whether to prolong oil production curbs.
Oil drops as surprise U.S. stock build douses demand recovery hopes

Oil drops as surprise U.S. stock build douses demand recovery hopes

Oil prices slid for a second consecutive session on Thursday as U.S. industry data showed a steep and surprising build-up in crude stockpiles, dampening hopes of a smooth demand recovery as the world begins to ease its way out of coronavirus lockdowns.
Gold Giant Australia Is Firing Back Up a Record Exploration Boom

Gold Giant Australia Is Firing Back Up a Record Exploration Boom

Gold miners in Australia -- set to leapfrog China next year to become the top producer -- are resuming a pandemic-disrupted exploration spree as prices surge amid a dearth of major discoveries.
Gold Bulls Inch Past $1,750 as Fed Reiterates Near-Zero Rate Promise

Gold Bulls Inch Past $1,750 as Fed Reiterates Near-Zero Rate Promise

The mid-$1,700 perch seems to be a surer bet for gold bulls after the Federal Reserve’s latest policy meeting minutes reinforced its promise to hold U.S. interest rates at near zero and to continue providing the economy with cheap money until it was clear of Covid-19.
Oil Surges as Vaccine Progress Bolsters Hopes for Demand Rebound

Oil Surges as Vaccine Progress Bolsters Hopes for Demand Rebound

Oil extended gains in Asia to its highest levels since mid-March amid signs that demand is starting to recover and after promising early results for an experimental coronavirus vaccine sparked speculation economies could snap back quickly.
Trump’s Rising Clash With China Sends Joy Through Gold Buyers

Trump’s Rising Clash With China Sends Joy Through Gold Buyers

President Donald Trump’s increasing souring on China is sending waves of delight through gold buyers who responded by sending the yellow to three-week highs on Thursday, pushing it deeper toward the mid-$1,700s.