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Gold is flat in Asia-Pac trade on Thursday,....>

GOLD
GOLD: Gold is flat in Asia-Pac trade on Thursday, the yellow metal last down
$0.06 at $1,263.31. Heavy offers in thin markets briefly took the rate down to
$1,260 but bounced back straight away and moved in a narrow range in Asia after
dropping on Wednesday.
- Market is focused on Fed comments in the upcoming session as well as the NFP
data on Friday ahead of the FOMC meeting next week. The market seems confident
the Fed will hike next week, and signs from Washington are encouraging that the
tax bill will be passed, DXY has moved marginally lower during the session but
is holding gains from Wednesday.
- However markets will be cautious due to the proximity of the statutory debt
ceiling and recent comments from US President Trump that the US will move the
embassy to Jerusalem from Tel Aviv. 
- MNI technical analysis sees support at $1260.1 - Monthly Low Oct 6, $1269.9 -
Low Nov 14 now resistance. Gold continues to oscillate around the 200-DMA
($1267.2) and the bull channel base ($1264.8) with bears needing a close below
$1260.1 to confirm breaks with overall focus shifting to 2017 lows.

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