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Bullion

Gold held gains in Asia on Friday on safe-have demand from China as borrowing by some major private firms to buy assets overseas comes under the scanner of the countrys bank regulator. Reports overnight saids banking regulatorhad asked large lender to check credit risk profiles of several companies that had borrowed heavily in greenbacks to buy assets abroad. But details were sparse and there was no immediate indications on the extent of exposure. China regularly vies with India as the top importer of gold. Gold futuresfor August delivery on the Comex division of the New York Mercantile Exchange rose 0.25% at $1,252.55... Read more...

Energy

Oil edged up on Friday, recovering some of the steep falls earlier in the week, but crude is still set for the worst first-half decline in two decades despite ongoing production cuts. Brent crude futures (LCOc1) were at $45.39 per barrel at 0501 GMT, up 17 cents, or 0.4 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures (CLc1) were up 17 cents, or 0.4 percent, at $42.91 per barrel. Oil prices have fallen about 20 percent this year despite an effort led by the Organization of the Petroleum Exporting Countries (OPEC) to cut production by 1.8 million barrels per... Read more...