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Wednesday, February 21, 2007

Gold Climbed to 682

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Spiked to the $682.00 level after a slow steady climb to $673 accelerated, prompting a round of stop-driven buying through the $675/676 level that had capped the pair of late.

One trader suspecting hedge fund demand behind the move after those names were sellers of the metal yesterday as it slid to lows near $655.00, now perhaps caugth wrong-footed.

April NYMEX crude contract briefly vaults the $60.00 level before easing back slightly. Crude oil romping higher, along with other commodities

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