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Wednesday, February 21, 2007

Comex April Gold Update

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Comex April gold peaked at $686.40 an ounce, its strongest level since July, before settling with a gain of $23 to $684.
It was buy stops all the way up, support came from stronger crude oil, plus tensions over Iran's nuclear program, there have been also fund and options-related buying, also noting that stops were hit.

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