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Tuesday, January 23, 2007

Precious Metals Futures Rally

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Comex gold and silver futures are rallying as the dollar weakens versus the euro.

Dollar weakness began overnight, attributing it to a number of factors, including market talk of central bank demand from Asia and the Middle East and solid euro-zone data.

The precious metals complex responded with a rally as Feb gold jumped to a $644.80 an ounce high -- its best level in three weeks.

Feb gold is trading $9.30 higher at $643.20, while March silver is up 22 cents at $13.22

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