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MARKET TALK: US Dollar, PPI Data Pressure Comex Gold Futures (INO News) |
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1610 GMT [Dow Jones] - Gold futures are lower despite stronger equities on pressure from deflationary implications of PPI data, says Jim Steel, senior vice president and metals analyst with HSBC. The producer price index for finished goods slid 2.8% in October, dropping for a third straight month as raw material and energy prices tumbled, topping the previous record drop of 1.6% in October 2001. ...
Posted originally: 11/18/2008
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