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Gold has held to a relatively tight range......>

GOLD
GOLD: Gold has held to a relatively tight range this morning and currently
trades at USD1339.92.
- Ongoing global trade conflict will continue to support prices, with this
week's FOMC meeting providing another potential catalyst given market
expectations that the Fed will start to ease monetary policy this year.
- In addition to the US-China trade dispute, geopolitical risk has ratcheted up
on the back of the recent oil tanker attack near the Persian Gulf, with US
Secretary of Mike Pompeo reiterating previous claims that Iran was behind the
incident. 
- Total known ETF holdings of gold continues to inch higher and currently stands
at 72.51m t oz, up from a May low of 70.28m t oz.

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