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Friday, January 05, 2007

Comex Gold Futures pushed down by Fund Selling

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Fund selling has occurred in Comex gold and silver as the dollar firmed after a strong jobs report.
Another influence has been soft crude oil.

The momentum is selling in gold, though the approach of the weekend is keeping buyers away due to concerns the recent dollar strength will continue.

Feb gold is down $9.70 to $616.50 an ounce, and March silver is down 29.5 cents to $12.54.

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