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After hitting its highest level in more than...>

GOLD
GOLD: After hitting its highest level in more than 3-weeks on Friday, gold
failed to close above the 50-dma. Through Asian trading today, the yellow metal
has stuck to a fairly tight range and continued to flirt with the 50-dma.
- The FOMC meeting this week will be the key event risk for gold with the Fed
expected to cut, but forward guidance expected to be key with attention also
paid to what action the Fed take regarding balance sheet management.
- US-China trade negotiations and Brexit will both be watched by gold traders as
indicators of global market sentiment.

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