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Tuesday, January 17, 2006

Profit-taking starts to hit the Gold market:

Profit-taking starts to hit the Gold market: After a run to 25-year highs, the Gold market looks ready to take a breather. Prices started the open-outcry session lower this morning, after contract highs were made during the overnight session at 565.50, on the back of strong buying in Asia. The market this morning could sustain that momentum, as a strong US Dollar verses both the Euro and the Yen gave traders a reason to book some profits. Read More....