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Govt may soon come out with comprehensive gold policy

The India government is expected to come out with a comprehensive gold policy quickly to encourage the sectors in gems and jewellery as well as the metal industry, as per sources.

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Oil prices rise as US sanctions against Iran’s crude exports emerge

Crude Oil prices soared on Friday, since trader’s attention focused on US sanctions against Iran’s crude exports that starts next month to tighten global markets.

The gains helped recover some of the losses from the last session on account of looming US inventories and after Russia and Saudi Arabia said they would raise output to some extent make up for expected disruptions from Iran.

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