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In addition to this, the long liquidation by short-term traders also had a negative impact on gold prices, and money managers reduced their net-bullish bets on gold to their lowest level in eight weeks, Gandhi added.
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Each MII must appoint a non-associated Designated Depository (DD) to monitor compliance with shareholding limits. For depositories, the other depository will act as their DD.
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Spains state-owned shipbuilder Navantia is in exclusive talks to buy the Belfast-based shipyard.
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