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Fresh Multi-Month Highs

GOLD

Asia-Pac trade saw gold add ~$6/oz, registering fresh multi-month highs in the process, with the lingering worry surrounding the Russia-Ukraine situation underpinning bullion (even with a diplomatic solution re: the standoff remaining on the table). That leaves spot a touch shy of $1,880/oz, with the next level of technical resistance located at the Jun 11 high ($1,903.1/oz), after the November highs were breached as the overnight bid accelerated on a break through Monday’s session high.

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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