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Gold has pulled back this morning, despite.....>

GOLD
GOLD: Gold has pulled back this morning, despite the uptick in geopolitical risk
emanating from tensions between Iran and the West. Gold trades at USD1418.76/tr
oz. down from a morning high of USD1424.34/tr oz.
- The surge in ETF holdings of gold appears to have topped out for now. The
volume currently stands at 75.17m tr oz, off a recent high of 75.38 tr oz.
- Gold will remain supported this week ahead of the US FOMC meeting, with the
Fed widely expected to ease monetary policy.

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