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Gold has hugged a narrow range during Asia-Pac hours, after spot failed to challenge its Wednesday highs over the last 24 hours, with the impact of a stronger USD nullifying at least some of the upward impetus created by worries re: inflation. That leaves spot bullion a handful of dollars lower on the day, last printing $1,855/oz with the previously outlined technical overlay remaining in play. The resumption of cash Tsy & TIPS trade on Friday (after Thursday's market closure), alongside the inflation expectation component of the latest UoM sentiment survey, will provide the focal points ahead of the weekend.

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

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