Meanwhile, the Obama administration has banned oil drilling in new areas off the US coast until an investigation into the cause of the massive oil spill in the Gulf of Mexico originated early this week.
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Gold
Gold ended higher as investors bought the metal as a hedge against sovereign credit risk
Support for the gold is seen at 17070 and resistance is at 17160.
In spot support for the gold is seen at 1166$ and resistance is at 1194$.
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