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$1,800/oz Remains Untouched

GOLD

Gold has hugged a tight range during Monday's Asia-Pac session, last dealing little changed around $1,785/oz, with activity hampered by the U.S. market holiday. The softer U.S real yield-weaker USD environment that prevailed in the wake of Friday's NFP print pushed bullion higher during the final session of last week, although spot failed to break above $1,800/oz, with key resistance levels untested. The minutes from the FOMC's June meeting (due for release on Wednesday) represent the next notable macro release for gold market participants.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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