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17-May2011

Gold Challenges To Maintain Earlier Increases As The Problems In Europe Prolongs

Gold prices surrounded reduce on Monday because the euro solved their deficits in opposition to the American dollar after striking 6 week lower levels amid increased worries that with IMF Dominique on the side lines, cash to Portugal and Greece might be late. The wilt in yellowish material rates was on back of United states rising prices details that indicated that people are experience well informed in the United states financial state and that rising prices stays in check.

Yellow metal commodity for June supply reduced $3 to stay at $1,490.60 an oz after exchanging as higher as $1,504.30 and as lower as $1,486 on Comex section of NYME, while the spot yellow metal rates drop $5.4 to stay at $1,489.80 an oz.

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