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Friday, March 16, 2007

Comex Gold/Silver helped by overnight dollar weakness

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Comex gold and silver remain at higher levels, helped by overnight dollar weakness, but have not moved much since a U.S. CPI report.

Overall CPI was slightly above the forecast but core CPI excluding food and energy matched expectations.

April gold is up $5.10 to $652.20 an ounce, after trading at $652 two minutes prior to the data. May silver is up 5.5 cents to $13.13, compared to $13.14 just ahead of time.

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