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In neighboring markets, the euro hit a 10-month low versus the US dollar, as a credit rating downgrade for Portugal added to concerns over the fiscal health of some European countries. The market focus is now on European Union Summit on Thursday and Friday. The US dollar index closed at 81.845, hitting as high as 82 during the session. Gold futures on the COMEX ended at USD 1,088.80 per ounce, down USD 14.90. Silver futures for May delivery closed down 38.6 cents to USD 16.641 per ounce.
Domestic lead market is expected to trade between RMB 15,300-15,450/mt on Thursday.
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