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GOLD: Gold has consolidated at 1,314 following yesterday's losses that were
driven by the rise in global bond yields, particularly in Europe, which
undermined the metal's appeal.
- With geopolitical tensions also cooling the metal has fallen back to the lower
end of its range, which lies between the 200DMA on the downside and the 50 and
100DMAs on the upside.
- The gold VIX fell to a 2-month low yesterday.