Oil gains as US moves towards raising debt ceiling

Light, sweet crude for August delivery is up 73 cents to $98.23/barrel on the New York Mercantile Exchange.

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Is gold headed for a correction?

That's what analyst Mark Hulbert is saying.

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New Asian hedge funds raise $2.86 billion in H1

A total of 24 new hedge funds in Asia have raised $2.86 billion (in the first half of this year), more than double the preceding six months.

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