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Back From Tuesday's Peak

GOLD

The reversal from lows and subsequent rally for the broader USD outweighed the move lower in U.S. real yields on Tuesday, with gold pulling back from its ~$1,815/oz peak before settling around $1,800/oz during Asia-Pac hours. Technically, the 50-day EMA provides the initial resistance point, while initial support is seen at the July 2 low ($1,774.4/oz).

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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