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Email this article: Economic soft patch hurting commodities, gold continues to frustrate bulls
Posted: Sun May 6, 2012 12:18 pm
UAE. Economic activity during Q2 is showing signs of a slow-down. Of concern is especially US economic data and uncertainty about the political direction in China combined with data pointing towards a further fall in its economic output.
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INTERNATIONAL. If Russia's "pivot to Asia" results in Moscow and Beijing trading oil between them in a currency other than the dollar, that will represent a major change in how the global economy operates and a marked loss of power for the U.S. and its allies."
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