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Gold is on course for a second consecutive.....>

GOLD
GOLD: Gold is on course for a second consecutive weekly advance, supported by a
combination of the well documented issues surrounding the global trade outlook &
a fresh bout of global monetary policy easing.
- The latest BBG sources piece re: the trade war allowed bullion to edge higher
overnight, to last deal $7 or so better off at $1,507/oz. The BBG piece noted
that "the White House is holding off on a decision about licenses for U.S.
companies to restart business with Huawei Technologies Co. after Beijing said it
was halting purchases of U.S. farming goods, according to people familiar with
the matter."
- Spot remains capped by the recent highs, located at ~1,510.50/oz, while
initial support is seen at the up trendline on a weekly chart.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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