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Gold is higher in Asia-Pac trade, last up......>

GOLD
GOLD: Gold is higher in Asia-Pac trade, last up $3.17 at $1,263.70 building on
the gains made in the wake of the "dovish" FOMC rate announcement yesterday.
Gold rose from around $1,249 to $1,260 following the announcement and is at the
highest level since mid-June.
- Gold is also supported by reports that North Korea could be preparing another
missile launch test to celebrate "Victory Day". South Korean defence ministry
are said to have seen equipment transport in progress prompting increased
monitoring from South Korea and Washington. However no further evidence of a
launch has been reported.
- Also exerting some upside pressure on gold is broad US dollar weakness, the
dollar index (DXY) is last at 93.349, the lowest level since May-2016.
- MNI technical analysis sees support at $1258.8 high June 23 now support,
$1266.0 bollinger band top.

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