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As You Were

GOLD

Gold trades little changed in Asia-Pac hours, just shy of $1,780/oz after Wednesday’s early blip higher was fully unwound come the close. The pullback from best levels was aided by Wednesday’s uptick in our weighted U.S. real yield monitor, while the DXY oscillated, trading either side of unchanged on the day. Fed tapering dynamics have allowed gold to unwind the initial round of Omicron-related bids, with the technical picture remaining in line with the outlines provided over the past couple of sessions.

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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