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Thursday, November 23, 2006

Sharekhan Commodities Buzz dated November 23, 2006


Gold and silver moved up in thin trading ahead of the Thanksgiving holiday due to the weakness in the dollar. The weekly initial jobless claims came in at 321,000 against an expectation of 310,000, while the University of Michigan index failed to support the greenback, as the index fell to 92.1 versus an expectation of 93, triggering fresh buying in gold.

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