Recoveries R US

By Jon Nadler
12 August 2009 @ 09:30 am EDT

Gold longest slidein five months' time resumedovernight, with the precious metal dropping for a sixth consecutive session, this time to just under $940 for a short while, as the stronger dollar and a static crude oil price hampered its attempts to recover. The metal remained in 'pre-Fed' mode, but then again, so did a number of other markets which await some kind of wise words from the US central bank this afternoon.

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