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Tuesday, November 14, 2006

Bullion: Correction to continue


Despite the US federal budget deficit widening in October to $49.3 billion from $47.3 billion a year ago, bullion continued to fall. Japan's Q3 gross domestic product (GDP) at 2% against an expectation of 1% has triggered talks of a rate hike. There was hardly any news impacting the precious metals, but the weaker base metals induced selling pressure in gold

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