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Weaker US Dollar Supports Comex Gold Futures

Posted by Sana Naz on Jul 10th, 2009 and filed under Gold . You can follow any responses to this entry through the RSS 2.0 . You can leave a response or trackback to this entry

Gold futures are slightly higher on support from a lower greenback, but declines in crude oil are holding the metal back. “Today it’s pretty much about the dollar,” says Frank Lesh, broker and futures analyst with FuturePath Trading. Comex Aug gold is up $2.60 at $911.90 an ounce.

[source: futuresource.com]

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