Commodities News
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Gold declined, following its biggest jump in more than 10 months, as speculation the U.S. Federal Reserve may taper its bond-buying plan curbed demand for the metal as a protection of wealth.
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West Texas Intermediate crude declined from the highest closing price in seven weeks on speculation that supplies will remain sufficient in the U.S. even if stockpiles decreased as forecast last week.
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The death toll from a collapsed tunnel at Freeport-McMoRan Copper & Gold Inc.’s Grasberg complex reached 28 as Indonesia said it would review all mining operations following one of its worst mining accidents.
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For 60 years, the name of Berthold Beitz has been synonymous with Germany’s biggest steelmaker, ThyssenKrupp AG, at first for his role in rebuilding the former arms supplier and helping it break with its Nazi past.
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