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Consolidating After Monday's Downtick

GOLD

Gold trades $5/oz or so lower on the day, last dealing at $1,707/oz, with the latest uptick in U.S. real yields and selling pressure on the back of the break out of the narrow recent range weighing on bullion since the start of Monday's European trading session. Technically, bears are now targeting the Mar 12 low at $1,699.3/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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