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Wednesday, June 26, 2013

Today's Headlines

IN THE ASIA SESSION GOLD AND SILVER WERE BIG LOSER. ON COMEX, IT IS STABILISING AROUND $1245, WHICH IS LOW FROM 2010 AND $1200 MAY BE ON THE CARDS.

Morgan Stanley lowered its forecasts for gold, joining Goldman Sachs Group Inc. and UBS AG in paring estimates on prospects that the U.S. Federal Reserve will scale back monetary stimulus as the economy recovers.

Asian markets rose on Wednesday on signs that China's central bank is working to halt the country's cash squeeze.

US economy is stronger than some expected

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