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Investors cut gold holdings by $2.3bn

[at Financial Times] – Investors cut their holdings in gold exchange-traded products by $2.3bn last month as prices fell to their lowest level in five years. Long-time gold bull John Paulson, who has a $1bn stake in the largest …

Foreign firms scramble to fix Iran's refineries once sanctions end

By Libby George and Ron Bousso LONDON (Reuters) – International oil services companies are scrambling to win contracts worth tens of billions to repair and modernize Iran’s oil refineries once sanctions are removed, with officials even laying on bus tours for visiting foreign executives. Officials from Iran’s oil refining company NIORDC, its National Petrochemical Company and the privately owned Persian Oil and Gas are holding talks with services firms to clinch