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DXY Downtick Supports

GOLD

USD weakness has been the supporting factor over the last 12 or so hours, aided by increased prospects of a fiscal deal in DC, despite some apparent pushback from Senate majority leader McConnell re: the prospects of a pre-election deal. The broader USD downtick has supported bullion, nullifying any impact from U.S. Tsy yields, although spot still hasn't challenged the first technical resistance line at $1,933.3/oz (the Oct 12 high and bull trigger), last dealing +$12/oz at $1,919/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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