Tuesday, February 28, 2006

Iraq Influence on Gold Prices Once Again

The technicals are looking down, but the fundamentals have hormones," said Julian Phillips, an analyst at GoldForecaster.com.

From CBS Market Watch:

"Gold futures closed out last week with a 1% gain, prompting some traders to take profits, but fresh violence in Iraq and the recent bombing at an oil refinery in Saudi Arabia -- among other things -- continue to boost the metal's safe-haven status. "
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