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Commodities Briefing - Categorized | Bullion/Gold, Market Pulse, Metals and Minerals, Price Watch more

Gold rises as base metals retreat

Posted on 30 January 2009

From FT: Gold battled to regain the $900-an-ounce level on Thursday while base metals staged a retreat amid demand concerns after the International Monetary Fund downgraded its forecasts for global growth.

Bullion came under pressure early in Thursday’s session, sinking to a low of $870.10 a troy ounce, as the dollar strengthened after the US Federal Reserve signalled it was prepared to buy long-term government debt if it would improve credit market conditions….. Full Article: Source


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