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Flatlining In Asia

GOLD

Tuesday saw a divergence in U.S. nominal yields & breakevens, which resulted in an uptick in real yields. Still, the move was more notable in the longer end of the real yield space, which meant that the impact on gold prices was not particularly profound. This meant that bullion only managed a shallow showing below $1,800/oz, before correcting from worst levels. Spot then clung to a narrow range in Asia, last dealing unchanged at $1,815/oz, with familiar technical parameters in play.

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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