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Loonie advances against dollar |
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Canada’s currency, the Canadian dollar also known as loonie advanced to a 1-week high against the US currency in early trading on Wednesday.
The loonie hit as high as 1.0644 against the buck, with 1.050 seen as the next upside target level.
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The dollar-loonie pair closed Tuesday's deals at 1.0664.
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| Technical Calls |
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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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Silver in great demand as gold price soars |
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Thus the bull market may have put gold out of reach for many consumers. And that may account for some of the renewed interest in "the poor man's gold" – silver. Since Monday this week, silver has made its first significant break-out move – relative t |
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Gold prices soar to record high in Indian market |
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There seems to be no end to the surge in the gold prices in Indian bullion market. Even though, gold sales have fallen by 48% in the third quarter in India, gold prices continue to soar in the wake of surging yellow metal prices in the global market. |
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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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