QUOTES OF THE DAY

-->"YOU CAN'T PRODUCE A BABY IN ONE MONTH BY GETTING NINE WOMEN PREGNANT."

-->"IT IS NOT IMPORTANT TO FIGURE OUT WHAT THE MARKET WILL DO. IT IS ALWAYS IMPORTANT TO FIGURE OUT WHAT YOU WILL DO" .....RAJASEKHAR IYER

-->"SHORT TERM PLEASURE OF BOOKING PROFITS IS DETRIMENTAL TO CREATION OF WEALTH.".........NAWIN SINHA

Friday, December 1, 2006

SAN FRANCISCO (MarketWatch) -- February gold fell by $1.30 to $651.60 an ounce Friday morning after climbing more than $11 in the previous session. "The fact that the yellow metal is inaugurating December at current levels (overbought or not) is in itself an accomplishment that was not looking likely back in August," said Jon Nadler, an analyst at Kitco.com. "That such a climb was almost entirely dollar-induced remains fairly clear." March silver added 1.5 cents to $14.13 an ounce, but March copper lost 3.05 cents to $3.165 a pound.

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