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Commodity Updates, Bullion Updates

Crude oil rose for a second day on Tuesday, helped by a weaker dollar and industry data showing an
unexpectedly steep drawdown in U.S. crude inventories.

Industrial metals ended lower on Tuesday pressured by the Greek debt discussions, but the market turned higher in later electronic trade pulled by the rally in the euro amid expectations a Greek rescue deal will be completed soon.

Precious Metal Update
Holdings in the SPDR Gold Trust the world's largest gold-backed exchange traded fund stood at 1277.13 tonnes by Feb 07, remains unchanged from the previous business day.

Holdings in the world's largest silver backed exchange-traded fund iShares Silver Trust stood at 9664.26 tonnes by Feb 07, remains unchanged from the previous business day.

Hong Kong's shipments of gold to mainland China in 2011 grew more than three times from a year earlier, confirming China's r apidl y g rowing appe t i t e for bul l ion, despite a sharp drop in December.

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