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Kiwi dollar ends lower |
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The kiwi dollar weakened to a 10-day low Friday after the dollar rose overnight.
At close, the NZ dollar was buying 62.98c, having dipped to 62.59c, its lowest since June 23, from 63.79c at close Thursday.
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The dollar rose against major currencies after bleak US jobs data renewed concerns about the economy and enhanced the greenback's safe-haven appeal.
At the local close today the NZ dollar was down to 60.45 yen from 61.60 at close Thursday and down to 0.4505 euro from 0.4517.
Against the Australian dollar, the NZ dollar dropped to a 2-1/2-week low around A78.70c overnight before improving to A79.07c at close from A79.30c Thursday. The trade weighted index fell to 59.66 from 60.16 Thursday.
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| Technical Calls |
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Gold can touch $1,225 per ounce by next week |
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What Eric is saying here also lies in the shortening of the steps in the stair step gold action. At new highs, such as now, this formation is a rare set up suggesting an exponential rise.
Rev. Doug, who is no slouch when it comes to gold, anticipat |
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Gold price will double $1,150: Jim Rogers |
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The most bullish investor on gold these days seems to be the global commodities investor Jim Rogers. Rogers, based in Singapore, and a big investor in the Chinese commodities market says, gold price should double the current $1,150 per ounce level. |
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Gold price to average $1,140: Barclays Capital |
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Barclays Capital says gold prices will average $1,140 per ounce in 2010, says Barclays Capital. "We expect prices to maintain their upward momentum through to at least the first half of 2010, where we expect prices to average $1,140 in the second qu |
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Crude oil futures continued to trade down in mid London trade Friday as the US dollar strengthened against the major currencies apart from a dip in the global equities. |
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Gold futures fell in negative zone as dollar gathered some strength in mid London trades. Dollar typically strengthens when there are less data releases from US. |
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MCX Comdex was up by 2.35% to 2694.17. MCX Energy was down by 0.22% to 2651.55, MCX Metal was up by 3.70% to 3226.02 and MCX Agri was up by 4.84% to 2255.10. |
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