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Gold has recovered some losses overnight.......>

GOLD
GOLD: Gold has recovered some losses overnight following the break lower
yesterday, currently trading at 1,294 with the 200DMA turning from support to
resistance at 1,307.  
- The yellow metal is `catching down` to trend in US real interest rates that
have been in play for some time and on this basis there is further weakness to
come, particularly if the US yield curve begins to bear flatten. 
- Uptrend support from the Dec 2016 low comes in at  comes in at 1,284, a break
of which would open up a potential significant move lower. 

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