MARKET UPDATE

MARKET UPDATE FOR 20 AUGUST, 2008

GOLD STEADIED IN EUROPE ON WEDNESDAY AS

STRONG DEMAND FOR PHYSICAL STOCKS OF THE

PRECIOUS METAL SUPPORTED BY PRICES AFTER

THE RECENT DIP.THE METAL CLIMBED TO A ONE

WEEK HIGH IN ASIA, PULLING OTHER PRECIOUS

METALS IN ITS WAKE, BUT SOFTENED A TOUCH

IN EUROPE AS THE DOLLAR FIRMED AGAINST THE

EURO AND OIL PRICES SLIPPED FROM ITS HIGH.