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Gold futures gain on ECB rate cut

Posted on 07 November 2011

Commodities market has been fluctuating on the back of the uncertainty over Greek bailout. Most commodities dropped earlier on speculation that Greek referendum would derail the country’s bailout plan and worsen the European debt crisis.
They recovered in the course of the week after the Greek PM scrapped the planned referendum. Interest rate cut by European Central Bank pushed up prices of gold futures and crude oil futures rose to three-month high. However, base metals have remained weak over the week………………………………………..Full Article: Source


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