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Oil prices extend collapse; gold gains

Monday, December 15, 2014 - 05:50

The European Central Bank pumped more liquidity into the financial system last Thursday via private- sector loans but analysts said uptake by banks was disappointing and increased pressure for it to do more.


GLOBAL oil prices tumbled to fresh five-year-low points last week, while gold won support from its status as a haven investment in times of economic unrest, traders said.

European stock markets slumped, dragged down by oil's plunge and renewed concerns over the eurozone

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