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UPDATE: PRECIOUS METALS: Comex Dec. Gold Extends Record High
Discuss
05/Nov/2009
The Wall Street Journal
Gold futures have extended the fresh record highs reached overnight during New York hours Wednesday, with psychological resistance at $1,100 an ounce not far away.
The metal has been underpinned by follow-through technical buying and a soft dollar. This is occurring the day after it ignored dollar strength to break up through the prior mid-October record highs in response to news that Indias central bank had bought 200 metric tons of gold from the International Monetary Fund.
For more on this:
http://online.wsj.com/article/BT-CO-20091104-712930.html?mod=rss_Commodities
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All data at market close |
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