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Monday, July 03, 2006

Markets To Watch Today

Metals: As the gold market heats up, metal traders are taking notice of the Gold contracts traded at the Chicago Board of Trade. In fact, this Chicago Board of trade metal has approximately 50% of the total volume. This does not mean that volume at the New York Mercantile Exchange COMEX division has not been reaching highs as well, in fact they have hit new highs several times this year, and as recently as last month. August New York Gold closed up .20 at 616.20, and August Chicago Gold closed up 26.9 at 616.10.

Dollar: With last weeks declining Dollar prices, set off by the Federal Reserve policy statement, the US currency should be trading within tight ranges this week. The holiday this week will also keep trading subdued, as well, as many market participants may not be trading today or tomorrow. Front month September Dollar closed down .60 at 84.90.