Bank of England auction pulls down gold futures rates
Another Bank of England gold auction Tuesday thumped futures for the metal, which have languished lately under the U.S. dollar's strength. The Bank of England sold 25 tons of gold Tuesday at an allotment price of $275.25 an ounce.

Centre lifts dumping duty on Chinese met coke
The Union Government has decided to do away with dumping duty on Chinese metallurgical coke used by the pig iron producers which will be a shot in the arm for the industry.

Russia has the upper hand in Central Asian gas game
A deal by Russian president Vladimir Putin to buy Turkmen gas will probably kill another project fervently promoted by the United States to pipe Turkmen gas to the West, analysts said.


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