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Consolidating After Another Day Of Higher Highs

GOLD

Gold has held to a tight range in Asia-Pac hours, with spot last dealing around $1,900/oz, little changed on the day. A reminder that broader risk appetite, mostly surrounding the health of U.S. President Trump and U.S. fiscal matters, has driven the flow behind the yellow metal since the opening bell of the final Asia-Pac session of last week. The initial risk-off feel witnessed on Friday allowed gold to lodge a fifth straight day of higher highs, before bullion pulled back from best levels. The Sep 22 high now provides the first real point of resistance for spot.

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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