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France called on the group of 20 industrialized and developing economies to turn its focus to monetary and foreign exchange imbalances, after concentrating its efforts on pumping billions into the economies to stave off the global recession.French president Nicolas Sarkozy on Thursday blasted the current imbalances of the world's monetary system and said making global foreign exchange markets better reflect the fundamentals of the world's economies will be a priority when France t…

01/07/2010 - Listen to today’s discussion of events shaping our economy, the precious metals and rare coin markets and your investments.

Gold pulled back a
little this morning in reaction to a stronger dollar and expectations that
China might tighten monetary policy.  An
early indicator out of China is that they are gradually raising interest rates
and that was causing their currency to rise versus the dollar and other
currencies.  Some say China may revalue
the yuan by 10%.  The higher dollar
weighed on commodities in general and Charles Nedoss commented that: “You are
starting to hear some ta…