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Commodities Briefing - Categorized | Bullion/Gold, Currencies, Metals and Minerals more

Gold leads precious metals slide on firmer dollar

Posted on 06 January 2009

From Forbes: Gold tumbled Monday, briefly breaking below the $850-an-ounce level as investors took profits on the back of a dollar rally and signs of slowing physical demand in India, the world’s top bullion consumer.

Other precious metals tumbled in gold’s wake, with silver falling as much as 8 percent and palladium as much as 6 percent. However, platinum turned higher on expectations that automakers could rebound after receiving emergency funding from the U.S. government….. Full Article: Source


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