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Bounce Continues

GOLD

Bullion has continued its bounce from technical support, with spot supported by a downtick in U.S. real yields and the USD over the last 24 hours. These factors outweighed the continued drop in ETF holdings of gold. Spot last deals a handful of dollars higher at $1,835/oz, with bulls now targeting the Sep 28 low at $1,849.2/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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