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Commodity Daily News

Gold Shows Potential Reversal Pattern

Friday, 26 Nov 2010

Commodity prices were steady yesterday as US exchanges were closed in observance of Thanksgiving. Spot crude oil is trading at its opening day price of $83.74. This comes one day after strong gains were booked with the price of spot crude oil rising over $1.40.

Gold prices continue their climb and are currently trading at $1372. The price of spot gold has come off of a low when the price fell to the support level of $1330.

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