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$1,800/oz Caps


A softer DXY and a steady to slightly lower U.S. real yield environment (on net) provided some support for bullion on Monday (with the day’s Fedspeak not pointing to any need for an imminent 50bp rate hike), before gold meandered through holiday-impacted Asia-Pac trading. Spot last deals little changed, just below the $1,800/oz mark that has capped price action during early trade this week. Familiar technical parameters remain in play, with the recently observed range intact.

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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