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Back Below $1,900/oz After A Show Above Resistance


The USD dynamic and lack of fiscal impetus coming from DC supported the yellow metal on Thursday, pushing spot through the initial technical resistance level, although prices have faded since, with spot last -$9/oz at $1,897/oz as the DXY nudges higher. Yesterday's high at $1,912.0/oz now provides the initial level of resistance. Focus turns to the monthly U.S. labour market report due later today and worry surrounding COVID-19 in the White House after one of U.S. President Trump's close aides tested positive for the virus.

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

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