Excerpt from: Futures and Commodity News
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| December 21, 2007 | | Gold futures gain on dollar weakness, oil prices increase | The two main indicators of where gold is going in commodities trading are increased oil prices and dollar weakness. Both made an appearance earlier, and this is leading gold back up toward the $800 mark in commodities trading. Bloomberg reports on gold:
``The dollar's declined and oil has gone up overnight,''
said David Thurtell, a metals analyst at BNP Paribas in London.
``People will be pretty keen to keep gold around the $800 mark
as we go into year's end.'' | | |
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