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Gold fell sharply by around $8/oz this.........>

GOLD
GOLD: Gold fell sharply by around $8/oz this morning around 07:28BST as precious
metals fell sharply, largely driven by silver. There has been little explanation
for the move lower. Some stories are pointing to global risk appetite or moves
based on US politics. However, these explanations seem to be inconsistent with
other markets such as FI and FX which have stayed relatively stable.
- Spot bullion last deals at $1,499/oz, ~$6/oz higher on the day and above the
$1,496/oz low seen earlier.
- The yellow metal continues to look vulnerable and a close below $1500 would
open a move towards the key support at $1483.0.

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