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Reporting on key macro data at the time of release.
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GOLD: Gold has pushed through some initial technical resistance levels, even as
e-minis reversed their early losses and more, to sit at a multi-week peak. Gold
bulls now look to key resistance at $1,765.4/oz (the cycle high) in spot trade,
with spot last dealing at $1,752/oz, a little shy of intraday highs.
- Some pointed to familiar risk matters as the reason behind the bid in gold,
but the timing of the bid was out of sync with that narrative.