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Gold Nearing Key Support

  • Moving in tandem with the US yield curve, spot gold is taking a leg lower in recent trade, with spot briefly showing back below the Apr14 low of $1960.7 to erase the entirety of yesterday's gains.
  • The move exposes the first material support at the 20-day EMA / 50-day EMAs at $1951.6/24.2 respectively.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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