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Gold/Mining/Energy : Gold Price Monitor

GDXJ 117.61

+3.0%

Dec 19 4:00 PM EST

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To: long-gone who wrote (71092)	6/4/2001 2:20:52 PM
From: lorne	Read Replies (1) of 116815

[B] TURKEY CRISIS: Gold trading increased 44.5% on week to Friday Istanbul, June 4 (BridgeNews) - Trading on the Istanbul Gold Exchange increased in volume by 44.5% to 1,199 kilograms in the week to Friday compared with the previous week, the exchange reported on its website Monday. It said the increase in trading was fueled by a liquidation of long positions, which led to a decline in prices. The weighted average of gold traded on the exchange in the week to Friday decreased in U.S. dollar terms by $7.86 per ounce over the previous week to $274.2 per ounce. * * * However, the depreciation of the lira against the dollar in the week to Friday restrained the trading volume, the exchange said. It said 63.3% of the gold trading volume in the week to Friday was transacted in dollars. (1,138,000 Turkish lira--U.S. $1) End futuresource.com

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