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To: waverider who wrote (3346)	9/24/1998 4:11:00 PM
From: Broken_Clock	Respond to of 14427

Updated Thu Sep 24 14:53 ET NY Precious Metals Review: Dec gold up $3.90 on weaker dlr By Melanie Lovatt, Bridge News New York--Sep 24--COMEX Dec gold futures settled up $3.90 at $296.40 per ounce after climbing to a 2-week high of $297.40 as the dollar weakened against other currencies, particularly the yen and Deutsche Mark. Gold rallied on short-covering, primarily by funds, triggered as a prime rate cut by the Southwest Bank of St Louis escalated expectations that the US Federal Reserve will announce an interest rate cut at Tuesday's FOMC meeting. Dec silver jumped on the dollar's fall and started to strengthen technically as it managed to stay above $5 per ounce support. Dec settled up 11c at $5.153 per ounce after making a 1-month high of $5.175. * * *