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2. HEADLINES
Gold near four-month low; US budget talks
watched.
Gold regained some footing as the euro stayed near an
eight-month high against the dollar and talks to avoid a
TRADING TIP: fiscal crisis in the United States seemed to stall again,
but the metal was still on track for its fourth weekly fall.
Sell Aluminium Dec Gold was little changed at USD 1,647.06 an ounce by
Below 111.70 0045 GMT after falling to its weakest level since August
in the previous session on heavy liquidation by hedge
TGTS-111.10/110.40 funds and signs of an improving US economy. US gold
for February rose USD 2.30 an ounce to USD 1,648.20.
SL-112.30
Base metals prices may remain stronger in
near term
Epic Research has come out with its report on metals
Sell Zinc Dec sector. According to the research firm, steel prices in
most of the geographies remained stable on the back of
Below 111.70 recovery hope in China. The CIS Black Sea (fob) export
HRC prices rose 2% to US$532/ tonne. Domestic prices
TGTS-111/110.20
in China and Europe rose marginally by 0.2% and 0.7%
SL-112.30 respectively during the same period. Overcapacity and
high utilizations however continue to be a major
concern for the industry.
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