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Gold firms to new high

CROSS ASSET
  • Despite the bid in the USD on the back of lower Yield and the Risk Off tone, Gold looks to be benefitting from safer haven flows with Government Bonds.
  • The move in Gold is supporting silver, but not seeing similar moves in the precious metals, as Platinum is moving lower, which is keeping the lid on Palladium.
  • WTI on the other hand, has cleared the $68 level, and next support here will be seen at $66.90.

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