Author: Ivaylo Dagnev
123jump.com
Last Update: 5:17 AM EDT October 03 2006


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The gold contract managed to hold the key $600 an ounce level but did trade as low as $602 during the session. The yellow metal lost ground then was later quiet before light fund selling forced oil down more than a dollar, dragging gold with it. Gold will continue to draw direction from the U.S. dollar and crude oil price fluctuations in the short term.