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Bulls In The Driving Seat

GOLD

Fresh USD downside has supported bullion over the last 24 hours or so, with spot last dealing $5/oz or so higher on the day at $1,912/oz. The impulse from a softer USD has outweighed an uptick in U.S. Tsy yields during Asia-Pac dealing. Bulls now look to the Jan 8 high at $1,917.6/oz, with any sustained break there opening up the path to the Jan 7 high at $1,927.7/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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