That could also cause equity markets to pull back, which would be supportive for gold.
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Crude oil prices traded solidly higher Monday, which was also supportive for the precious metals.
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The U.S. dollar index was slightly lower Wednesday, which was supportive for the precious metals.
Some generally better U.S. economic data released recently has also been supportive for the U.S. currency.
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The U.S. dollar index is trading lower Thursday morning, which is supportive for the precious metals.
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The data was supportive for gold, says Tom Pawlicki, precious-metals analyst with MF Global.
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Anything positive on those fronts will be supportive for the euro and gold, he said.
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Meantime, crude oil prices were also higher Wednesday, and that was supportive for the metals.
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Crude oil prices are trading firmer Monday morning, which is also supportive for the precious metals.
That would be supportive for industrial metals like silver, the platinum group metals and copper.
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The U.S. dollar index is trading slightly lower Wednesday morning, which is supportive for the precious metals.
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Frank Lesh, broker and futures anlayst with FuturePath Trading, said the move is supportive for the gold market.
Others cited physical buying and the continued underlying support of ultra-loose central bank monetary as supportive for prices.
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For the time being the rises in the net-long position and open interest together are supportive for gold.
Ultimately, Melek pointed out, stronger data should be supportive for commodities since it means potential for increased consumption.
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Supplies for platinum are tight, which is also supportive for the white metal.
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Iran-U.S. tensions will continue to support the crude oil market, and also be somewhat supportive for gold on a safe-haven investment scenario.
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On its face, added liquidity should be price supportive for the metal.
As a result, real yields should remain broadly supportive for gold prices.
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Fed policy, even without QE2, will still be supportive for equities.
That will remain supportive for safe-haven assets like gold.
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While greater use of natural gas should be supportive for prices, Goldman said the influence of this new rule will be muted in 2012 because the strong expected growth in shale gas production.
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Normally geopolitical worries will be supportive for gold.
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While a successful pact on Greek debt could be considered price-supportive for the euro, Brown Brothers Harriman said while this deal may have been reached, traders will soon realize that other countries remain in trouble.
Further, an improving Chinese economy could mean higher commodities generally and also prompt China to become more aggressive in relaxing the peg of its currency against the dollar, which would be supportive for gold, he added.
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Meanwhile, U.S. Federal Reserve policy-setters acknowledged in a statement Tuesday that economic conditions remain soft and they intend to leave interest rates at record low levels until mid-2013, which analysts have described as supportive for gold.
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While some see that as supportive for gold, Gero said it seems that crude oil is getting a bigger lift out of that news than is gold on fears of a shutting off of crude oil supply.
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Looking ahead, gasoline prices have fallen for six straight weeks and should prove supportive for discretionary spending as households express relief and keep investors moderately happy about the U.S. this week providing existing housing sales falls in line with consensus estimates.
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