Monday, 4 April 2011
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MCX: Gold gains on Middle East crisis
Gold prices extended their gains on Monday from its last closing on high oil prices amid the ongoing Middle East crisis and falling dollar as expectations of a European Central Bank rate hike lent support. We expect the prices to trade in a range as better U.S. employment data last Friday suggested global economy is likely on a firm footing and put pressure on prices; however the ongoing
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