As the build-up to war in Iraq continued, no let up was seen in the rise in commodity prices during the period under review (January 27-February 10) - with the most obvious being seen gold and oil.  Though some observers believe the Iraq situation was behind these hikes, we remain unconvinced.  Meanwhile, the stock markets continued to slide while attempts to revive the dollar fell flat.  At least its devaluation lost some of its momentum.

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