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Early Uptick Unwound

GOLD

Spot had a limited look through last week's high in early Asia-Pac dealing before pulling back to trade little changed around the $1,760/oz mark at typing, with our weighted U.S. real yield monitor and the DXY moving away from their respective early Asia lows. Meaningful technical resistance is located at the Sep 22 high ($1,787.4/oz), while initial support is seen at the Sep 29 low ($1,721.7/oz). U.S. labour market matters headline the broader docket this week, with ADP due Wednesday and NFPs slated for Friday.

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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