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Rohan
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| 23 November 2011, 13:39:59 |
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Precious metals settled higher, with gold prices settling once again above the psychological key levels of US$1,700. The complex was supported by a weaker US dollar and surging bond yields in Europe.
US Crude Oil Futures registered gains, underpinned by geopolitical tensions over Iran's nuclear program. In this regard, US, Britain and Canada have announced new sanctions on Iran's energy and financial sectors.
Outlook:- Base metals may witness some selling pressure at higher levels as the fear of EU debt crises weighed on the sentiments. Yesterday, copper rose for the first time in four days on Tuesday.
Indian Crude Oil Tips
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