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Commodities Briefing - Categorized | Bullion/Gold, Commentaries more

Gold is a faith-based metal

Posted on 28 October 2010

From Commodityonline.com: Additional gains recorded overnight brought the US dollar very near the 78 mark on the trade-weighted index and contributed to a fresh dip in gold prices down to the $1,326.00 level. Crude oil felt the rising dollar-induced selling heat as well, losing nearly $1 to fall to $81.72 per barrel.
Much of what was seen overnight was due to rising apprehensions related to next Tuesday’s Fed meeting……………………………………….Full Article: Source

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