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BHP Billiton not ruling out production cutbacks

GLOBAL mining giant BHP Billiton yesterday warned that it could scale back production at unprofitable operations as commodity prices softened due to economic uncertainty. But BHP chief Marius Kloppers said the firm's flagship iron ore business was in g...

Gold traders turn more bullish

Eighteen of 26 surveyed by Bloomberg expect bullion to rise this week. Holdings in exchange-traded products backed by gold reached a record 2,350.8 tonnes on Wednesday, now valued at US$127.6 billion (RM407.04 billion), according to data compiled by Bloomberg.
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Al Rajhi eyes RM100m in gold sales

AL Rajhi Bank Malaysia, which introduced its gold investment product last year, is targeting sales of close to RM100 million worth of gold this year.