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LME copper hits 6-week high, China data aids. London copper rallied to its highest in six weeks on Monday as promising manufacturing data from top consumer China fuelled a cautious return in investors'
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appetite for the metal, although worries over US fiscal woes kept a lid on gains. The pace of activity in China's vast manufacturing sector quickened for the first time in 13 months in November, a survey of private factory managers found, adding to evidence that the economy is reviving after seven quarters of slowing growth.
Gold may glitter as dollar looks to recoup Gold may gain in the domestic market on Monday with the yellow metal having lost too much in too little time last week. Also, the dollar gained in early Asian currency market against a basket of currencies. Thus, it could look up against the rupee too. Still, golds movement for the day will hinge on the rupees direction. This is because any drop in the value of the rupee can make imports costly. India imports gold to meet its demand.
on it to gain in the long-term and have increased their WWW.EPICRESEARCH.CO exposure. Holdings in exchange-traded funds that are 9752199966 backed by gold are also at a record high.
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OPEN: 63300 HIGH: 64142 LOW: 60968 CLOSE: 61301
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OPEN: 430.65 HIGH: 441.45 LOW: 429.05 CLOSE: 440.85
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OPEN: 4905 HIGH: 4932 LOW: 4791 CLOSE: 4847
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OPEN: 34.06 HIGH: 34.38 LOW: 32.89 CLOSE: 33.39
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OPEN: 1750.43 HIGH: 1751.93 LOW: 1705.70 CLOSE: 1713.37
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