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Friday, August 26, 2011

MCX Commodity Support and Resistance For Today 26 Aug 2011

Yesterday Gold rose after two days declining, as tumbling European and U.S. equity markets sparked by talk that Germany might enact a short-sale ban prompted investors to buy gold as a safe haven.
Bullion dropped as much as 3 percent or more than $200 from Tuesday's record highs, as funds liquidated positions due to CME Group's second margin hike this month and technical weakness.

 
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