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Gold just above $800
- US: Saturday, December 08 - 2007 at 07:43
Gold fell on Friday as oil prices declined and a strong US jobs report reduced the chances of large interest rate cuts by the Federal Reserve, reported Reuters. February gold on the New York Mercantile Exchange retreated $6.9 to end at $800.2 an ounce; it had hit an intraday low of $796.4 and a high of $811.4. Analysts are predicting a strong 2008 for the yellow metal.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, December 08 - 2007 at 07:43 UAE local time (GMT+4)
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