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Gold futures finished lower Thursday, pulled down by a weaker tone in equities, a degeneration in buying power in light volume when the market did manage a late-morning rally on euro strength and technical factors, traders and analysts said.
Gold futures finished lower Wednesday on a combination of fund liquidation and the expectation of more, plus ideas that inflation may not be a concern for the foreseeable future, analysts said.
KANSAS CITY (Dow Jones)--Chicago Mercantile Exchange live cattle and feeder cattle futures prices were expected to follow Tuesday's trend and open lower Wednesday.
IntercontinentalExchange, Inc. , a leading operator of regulated global futures exchanges and over-the-counter markets, announced the 2008 Christmas and New Years holiday trading schedule for its three futures exchanges and OTC energy markets.
Gold and silver futures benefited from a stronger euro and equity market Tuesday, recouping a small portion of the prior day's sell-off. February gold rose $6.50 to settle at $783.30 an ounce on the Comex division of the New York Mercantile Exchange. March silver gained 23.5 cents to $9.615.
KANSAS CITY (Dow Jones)--Chicago Mercantile Exchange live cattle and feeder cattle futures prices Tuesday were expected to rebound from Monday's steep losses and open 10 to 30 points higher.
CME Group, the world's largest and most diverse derivatives exchange, today announced that November 2008 volume averaged 10.5 million contracts per day, down 29 percent from November 2007, assuming combined CME Group/NYMEX volumes.
Gold and other precious metals fell sharply Monday due to recessionary fears that also weighed on the stock market, as well as a stronger U.S. dollar, weaker crude oil and chart-based selling, traders and analysts said.
NEW YORK (Dow Jones)-Gold futures rose in holiday-thinned trading Friday, supported by safe-haven buying and short covering. February gold rose $7.70 to settle at $819 an ounce on the Comex division of the New York Mercantile Exchange.
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