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Monday, July 02, 2007

News You Can Use for Monday

Gold gains on security worries, dollar drop LONDON (Reuters) - Security concerns and a weaker dollar helped gold move further away on Monday from recent lows, but investors moved cautiously ahead of the U.S. Independence Day holiday, traders said.

"The terror attacks in the UK over the weekend could bring some safe-haven positioning into the gold market over the next few days, although with the Independence Day holiday in the U.S. on Wednesday, conditions are likely to be on the thin side," said James Moore, precious metals analyst at

Crude Oil Trades Near 10-Month High on U.S. Fuel, U.K. Terrorism Concerns Crude oil was little changed in New York, trading near a 10-month high, on expectations demand for gasoline will rise in the U.S. during the July 4 holiday.

Copper Rises to Six-Week High as Strikes Squeeze Stockpiles, Zinc Advances Copper rose to a six-week high in London on speculation strikes may put a squeeze on supplies as inventories of the metal dwindle. Zinc and nickel also advanced.

Uranium Prices Fall for First Time in Almost Four Years, TradeTech Says Uranium prices snapped almost four years of consecutive weekly increases as power utilities halted purchases, industry consulting company TradeTech LLC said.

Stocks Lose Takeover Premium as U.S. Buyouts Slump, Bond Yields Increase The steepest drop in mergers and acquisitions in 16 months is making U.S. stocks the most expensive compared with bonds in two years.

Jim Rogers Says He's Sold `Over-Exploited' Emerging Markets, Except China Jim Rogers, who predicted the start of the global commodities rally in 1999, said he's sold out of all emerging markets with the exception of China because they're ``over-exploited.''

Canada Dollar Reaches 30-Year High on Outlook for Interest Rate Increase The Canadian dollar reached a 30- year high on speculation the Bank of Canada will raise its benchmark interest rate as soon as next month

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