News Highlight
* US GOLD STEADY NEAR $1,340/OZ AS DOLLAR LANGUISHES.
* US CRUDE OIL FUTURES SLIP ON CONCERN THAT DEMAND RECOVERY IS NOT FAST ENOUGH.
* US COPPER HITS 27-MONTH PEAK, US MONETARY EASING SEEN.
* INDIAN SPICES DOWN ON SLACKENING EXPORT DEMAND.
Fundamental Review
GOLD STEADIED IN EUROPE ON MONDAY, SURRENDERING EARLIER GAINS, IN LINE WITH A SLIGHT RECOVERY IN THE DOLLAR FROM ITS EARLY LOWS AS INVESTORS WORRIED THAT POSITIONS IN THE U.S. UNIT. WERE BECOMING STRETCHED. US COPPER HIT ITS HIGHEST LEVEL IN MORE THAN TWO YEARS ON MONDAY, BUOYED BY EXPECTATIONS OF MORE QUANTITATIVE EASING (QE) IN THE UNITED STATES, ERODING THE DOLLAR AND MAKING METALS CHEAPER.
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