Forex News: Gold watching for G8 comments while oil, forex, stock markets unsettled, says Kitco analyst Jon Nadler. "Tread with care, as gold might yet visit the $900-$910/oz value zone," Nadler says. Oil, geopolitics, dollar policy, inflation, global economy, surprise events pulling gold in different directions. Advises to watch direction on oil, maybe grain and soft commodity prices, given G8 comment on need to take "immediate action" against stratospheric prices of oil and food. But G8 influence limited to only making appeals to countries that are major producers. Spot gold at $925.60, down 50 cents vs NY close
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