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	<title>Stock Market News &#38; Stocks to Watch from StraightStocks &#187; oil-led inflation;</title>
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		<title>Gold, Silver Hit 7-week Highs on Weak Dollar</title>
		<link>http://www.straightstocks.com/market-commentary/gold-silver-hit-7-week-highs-on-weak-dollar/</link>
		<comments>http://www.straightstocks.com/market-commentary/gold-silver-hit-7-week-highs-on-weak-dollar/#comments</comments>
		<pubDate>Mon, 03 Aug 2009 17:45:39 +0000</pubDate>
		<dc:creator>Contrarian Profits</dc:creator>
				<category><![CDATA[Market Commentary]]></category>
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		<guid isPermaLink="false">http://www.contrarianprofits.com/?p=19629</guid>
		<description><![CDATA[pGold and silver prices climbed to their highest in seven weeks on Monday, as the dollar#8217;s slide to its lowest since mid-December boosted interest in hard assets./p
pSpot gold hit an intra-day high of $961.00 an ounce, its highest since June 11, and was bid at $959.10 an ounce at 1329 GMT, against $953.90 an ounce late in New York on Friday./p
pU.S. gold futures for August delivery on the COMEX division of the New York Mercantile Exchange rose $5.70 to $959.40 an ounce./p
p#8220;At the moment we#8217;re seeing the dollar as the key factor to movements in the gold market,#8221; said Eugen Weinberg, senior analyst at Commerzbank./p
p#8220;In the past few months (gold) has gone from being a safe haven to becoming a dollar play.#8230;/p]]></description>
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		<title>Gold Firms as Dollar Falls after U.S. Data</title>
		<link>http://www.straightstocks.com/market-commentary/gold-firms-as-dollar-falls-after-u-s-data/</link>
		<comments>http://www.straightstocks.com/market-commentary/gold-firms-as-dollar-falls-after-u-s-data/#comments</comments>
		<pubDate>Thu, 30 Jul 2009 16:45:27 +0000</pubDate>
		<dc:creator>Contrarian Profits</dc:creator>
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		<guid isPermaLink="false">http://www.contrarianprofits.com/?p=19536</guid>
		<description><![CDATA[pGold rose on Thursday as the dollar fell versus a basket of currencies, with rebounding stock markets and U.S. jobless figures showing a decline in continuing claims boosting appetite for assets seen as higher risk./p
pU.S. data showed the number of U.S. workers filing new claims for jobless benefits rose slightly more than expected last week, but a gauge of underlying labor trends fell for a fifth straight week./p
pSpot gold was bid at $933.50 an ounce at 1311 GMT, against $929.00 an ounce late in New York on Wednesday. U.S. gold futures for August delivery on the COMEX division of the New York Mercantile Exchange rose $6.20 to $933.40 an ounce./p
p#8220;If this is welcomed by the equities market and triggers a fresh boost,#8230;/p]]></description>
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		</item>
		<item>
		<title>Gold Firms as Weak Dollar Prompts Buying</title>
		<link>http://www.straightstocks.com/investing-in-exchange-traded-funds/gold-firms-as-weak-dollar-prompts-buying/</link>
		<comments>http://www.straightstocks.com/investing-in-exchange-traded-funds/gold-firms-as-weak-dollar-prompts-buying/#comments</comments>
		<pubDate>Thu, 09 Jul 2009 16:45:17 +0000</pubDate>
		<dc:creator>Contrarian Profits</dc:creator>
				<category><![CDATA[Exchange Traded Funds]]></category>
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		<guid isPermaLink="false">http://www.contrarianprofits.com/?p=18911</guid>
		<description><![CDATA[pGold firmed today, Thursday, as weakness in the dollar prompted interest in the precious metal as a currency hedge, with some physical demand after the previous session#8217;s fall also supported prices./p
pSpot gold was bid at $912.50 an ounce at 1417 GMT, against $908.45 an ounce late in New York on Wednesday. U.S. gold futures for August delivery on the COMEX division of the New York Mercantile Exchange rose $3.50 to $912.80 an ounce./p
pGold sold off on Wednesday in line with other commodities, slipping to an eight-week low, after the U.S. Commodity Futures Trading Commission said it was considering a clampdown on excessive speculation in commodities./p
pAfshin Nabavi, head of trading at MKS Finance in Geneva, said the slip was met with some light#8230;/p]]></description>
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		</item>
		<item>
		<title>Gold Rises 2 % on Fresh Investor Interest</title>
		<link>http://www.straightstocks.com/market-commentary/gold-rises-2-on-fresh-investor-interest/</link>
		<comments>http://www.straightstocks.com/market-commentary/gold-rises-2-on-fresh-investor-interest/#comments</comments>
		<pubDate>Tue, 20 Jan 2009 13:56:41 +0000</pubDate>
		<dc:creator>Contrarian Profits</dc:creator>
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		<guid isPermaLink="false">http://www.contrarianprofits.com/?p=11895</guid>
		<description><![CDATA[pFirm investment demand outweighs weak jewelery buying#8230; Euro weakens on euro zone outlook#8230; Oil prices tumble nearly 10 percent#8230;/p
pGold swung into the black on Tuesday, rising more than 2 percent to a one-week high of $855.75 an ounce, amid market talk of a large order. /p
p Firm investment demand for gold as a haven from risk is fueling buying of the precious metal, analysts said. /p
p Spot gold  was quoted at $853.00/855.00 an ounce at 1228 GMT, up from $834.55 late on Monday. Earlier it touched a low of $822.90, down more than 1 percent. /p
p Standard Chartered analyst Daniel Smith said strong investor flows into products such as exchange-traded funds as investors sought more secure assets were offsetting weaker jewelery demand. /p
p #8220;People#8230;/p]]></description>
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		<title>Gold Falls 1 pct as Dollar Firms; ECB Eyed</title>
		<link>http://www.straightstocks.com/market-commentary/gold-falls-1-pct-as-dollar-firms-ecb-eyed/</link>
		<comments>http://www.straightstocks.com/market-commentary/gold-falls-1-pct-as-dollar-firms-ecb-eyed/#comments</comments>
		<pubDate>Wed, 14 Jan 2009 18:05:29 +0000</pubDate>
		<dc:creator>Contrarian Profits</dc:creator>
				<category><![CDATA[Market Commentary]]></category>
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		<guid isPermaLink="false">http://www.contrarianprofits.com/?p=11452</guid>
		<description><![CDATA[pU.S. data sparks flight to dollar#8230;  Oil slips, traders fret over demand outlook#8230;  Traders await ECB rate decision on Thursday. Gold fell 1 percent on Wednesday, giving up earlier gains as the dollar firmed against the euro after weaker-than-expected economic data sparked a flight to the relative safety of the U.S. currency./p
p Trading is expected to be muted ahead of the interest rate announcement of the European Central Bank on Thursday, traders said. The ECB is widely expected to cut rates by 50 basis points. /p
p Spot gold  was at $812.00/814.00 an ounce at 1523 GMT, down from $821.05 in New York late on Tuesday. It touched a high of $828.65 earlier in the session, but slipped as the euro retreated and#8230;/p]]></description>
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		<title>Gold Leads Precious Metals Slide on Firmer Dollar</title>
		<link>http://www.straightstocks.com/market-commentary/gold-leads-precious-metals-slide-on-firmer-dollar/</link>
		<comments>http://www.straightstocks.com/market-commentary/gold-leads-precious-metals-slide-on-firmer-dollar/#comments</comments>
		<pubDate>Mon, 05 Jan 2009 20:30:02 +0000</pubDate>
		<dc:creator>Contrarian Profits</dc:creator>
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		<guid isPermaLink="false">http://www.contrarianprofits.com/?p=10863</guid>
		<description><![CDATA[pDollar rises to 3-week high vs euro on stimulus hopes#8230; Oil prices fail to hold gains above $48 a barrel#8230;  Abu Dhabi Dec gold sales fall 40 pct month on month. /p
pGold slid more than 3 percent in Europe on Monday as the strengthening dollar knocked the metal#8217;s appeal as a currency hedge, and oil prices retreated from highs. /p
pOther precious metals tumbled in gold#8217;s wake, with silver  falling 8 percent, platinum 3 percent and palladium 6 percent. /p
p Spot gold  was quoted at $851.65/853.65 an ounce at 1445 GMT, down from $873.20 an ounce late in New York on Friday, having touched a session low of $843.50. /p
p U.S. gold futures for February delivery  on the COMEX division of the New#8230;/p]]></description>
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		<title>Gold Recovers as Dollar Falls on Rising Equities</title>
		<link>http://www.straightstocks.com/market-commentary/gold-recovers-as-dollar-falls-on-rising-equities/</link>
		<comments>http://www.straightstocks.com/market-commentary/gold-recovers-as-dollar-falls-on-rising-equities/#comments</comments>
		<pubDate>Tue, 02 Dec 2008 17:18:08 +0000</pubDate>
		<dc:creator>Contrarian Profits</dc:creator>
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		<guid isPermaLink="false">http://www.contrarianprofits.com/?p=9400</guid>
		<description><![CDATA[pDollar weakens against euro as U.S. equities gain#8230; Oil recovers from 3-1/2 year low #8230; Traders look to U.S. auto sales figures to guide platinum /p
p Gold climbed 1 percent on Tuesday, reversing earlier losses, as the dollar weakened against the euro on firming U.S. equity markets and oil prices recovered from 3-1/2 year lows. /p
p Spot gold  was quoted at $781.70/783.70 an ounce at  1522 GMT, up from $770.60 an ounce late in New York on Monday. /p
p #8220;Oil recovered and the euro-dollar is higher,#8221; said Wolfgang Wrzesniok-Rossbach, head of sales at precious metals group Heraeus. #8220;Those are the main reasons for the move.#8221; /p
p #8220;The outlook from here really depends on the leading  indicators, as well as oil and the dollar,#8221; he#8230;/p]]></description>
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