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Friday, December 01, 2006

Sharekhan Commodities Buzz dated December 01, 2006


Bullions: Win-win situation
Gold prices rose to the highest level in more than three months following a drop in the value of the greenback against the euro and the sterling. A strong sterling rose up to a 14-year high level of $1.9694 on the back a stronger economy. Further expectations that the Bank of England may raise rates put pressure on the dollar on the narrowing yield spread.

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