Excerpt from: Futures and Commodity News
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| March 25, 2008 | | Gold and oil futures rise on the market | Gold and oil futures are rising on the commodities market this morning. Pre-Easter profit taking has ended, and US dollar weakness is supporting an increase in prices in commodities trading. MarketWatch reports on oil prices in commodities trading:
Crude-oil futures inched higher early Tuesday, rebounding from their
decline in the previous session, underpinned by weakness in the U.S.
dollar.
Bloomberg reports on an increase in gold prices in commodities trading:
``We're going to see new highs in gold above $1,030 within
the next two or three months,'' said Robin Wilkin, London-based
head of commodities and currency technical analysis at JPMorgan
Chase & Co. ``I'd be surprised if we just race to new highs.'' | | |
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