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Gold continues to fail to improve on the.......>

GOLD
GOLD: Gold continues to fail to improve on the recent highs, despite the
cautious tone surrounding markets and ever growing  worry re: coronavirus, as
participants continue to point to crowded longs and margin call requirements in
other assets leading to liquidation in yellow metal longs.
- Spot last $1,636/oz, little changed on the day.
- Bears look for a break below $1632.0/oz, the Mar 4 low, after yesterday's
close below the Mar 10 low. A consolidated break below the former would see them
switch their focus to the 50-EMA. Recent highs present the only real initial
resistance of note.
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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