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Wednesday, May 31, 2006

Gold Futures Continue To Struggle

Gold futures continue to struggle: After trading over $700 just two-weeks ago, Gold futures have been struck by a wave of speculative selling. Lower oil futures and a stronger US Dollar were among the reasons traders gave for today's declines. Also supporting the bearish position was a report that U.S. may be ready to enter talks with Iran regarding its nuclear policy. Read More...