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CROSS ASSET

Equities spill over into Bond and FX

UK

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GOLD
GOLD: Gold briefly traded under the 100-dma ($1283.56) to $1283.29, a level not
closed below since mid-November. This brings the Mar 7 low back into view at
$1280.94, ahead of the long-term 38.2% retracement of $1160.39-1346.80 at
$1275.59. Below here opens channel base support at $1271.63, with a deeper
correction extending the downtrend towards the 200-dma at $1248.88. Last
$1284.55.