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Gold has risen slightly in Asian trading but...>

GOLD
GOLD: Gold has risen slightly in Asian trading but remains shy of Friday's
$1,324 highs after giving back some gains. The metal is currently trading at
$1,320.1.
- The upward sloping 200DMA has proved strong support on several occasions this
month, while the downward sloping 50DMA acted as resistance on Friday,
suggesting range trading remains intact.
- Fundamentally, headwinds in the form of rising US real bond yields are raising
the opportunity cost of holding the metal. However, rising inflation
expectations and commodity prices provide a positive longer-term backdrop. 

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