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After a sharp drop to 1160.4 in early Asian....>

GOLD
GOLD: After a sharp drop to 1160.4 in early Asian trading, gold has recovered
some losses to trade at 1174.0, suggesting that the downtrend is becoming
exhausted. The sharp drop comes after silver experienced a similar move
yesterday from which it too has begun to recover. 
- While it is too early to suggest a bullish reversal is in place, bulls at
least have some cause for cheer. Bulls still need to overcome the 21-DMA at
1212.1 to shift the outlook bullish. 

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