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MCX precious Metal Outlook, Evening Report

Precious metals fell today as investors sold holdings to raise cash, following last week's rise to record highs, in order to cover losses elsewhere, including European equity markets pummeled by growing fears about the intensifying debt crisis.

Precious metals are trading lower on COMEX today.We expect prices to trade higher for the following coming back to life after six months of war. trading session on account of no clues for strong global growth indicated by members in G7 meeting.

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