News Highlight
US Gold hits record above $1,330/oz as dollar slides.
US Oil rises after Japan cuts rates, dollar falls.
US Copper rises on weak dollar, tin at contract high.
Indian Spices rally; Jeera rebounds from contract low.
Fundamental Review
US Gold rallied to record highs above $1,330 an ounce in Europe on Tuesday as the dollar fell versus the Euro, with recent volatility in the currency markets boosting demand for the metal as a safe store of value. US Copper rose in synch with precious metals on Tuesday, as the Euro jumped versus the dollar and after Japan unexpectedly lowered interest rates, raising expectations of further boosts for other major economies.
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