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Gold gained around $2 on the broader risk......>

GOLD
GOLD: Gold gained around $2 on the broader risk aversion that was apparent in
the earlier part of the session, last trading at $1,327/oz.
- Bounces from $1312.9 see gold pressuring the 21-DMA ($1328.2) with Wednesday's
pop above lacking follow through. Bulls now look for a close above $1330.0 to
confirm a break and gain breathing room whereas a close above $1351.3 remains
needed to initially focus on $1367.3-1374.9 where 2016 highs are noted. Bears
need a close below $1312.9 to return focus to $1289.5-1303.9 where 100 &
200-DMAs are situated.
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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