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Gold Market Recap Report for 5/13/2008

The gold market initially attempted to withstand early selling pressure on Tuesday but apparently the trade was poised to slide in sympathy with overt weakness in several physical commodity markets. Certainly initial strength in the Dollar prompted the early negative bias in gold but with the Dollar failing to aggressively extend on the upside and the gold market also seeing some supportive action from the energy complex it is somewhat surprising that prices fell so aggressively in the morning trade.




 
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