Markets out of step with metal prices

STRONG gold and base metal prices failed to give some PNG-focused miners any support while soaring oil prices provided fuel to the oilies.

20 July 2007
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Comex gold was up from $US667.3 per oz to $US678.1/oz due to the falling US dollar and that nation's economic concerns, plus rising oil prices.

LME spot nickel rose 4.

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