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Dec. 8--A sharp drop in the dollar to a series of record lows against the euro dominated commodities markets last week, pushing gold prices up to a firm footing above $400 an ounce.
Meanwhile, a meeting of the oil cartel Opec proved to be somewhat uneventful, although analysts said it had paved the way for a price-supporting cut in members' production quotas early next year.
Gold: Prices consolidated above the psychologically important $400 level as the US currency's continued slide made the dollar-denominated metal more attractive, particularly to non-US buyers.
The spot price on Friday was $403, against $398.15 a week earlier. Silver edged up ...