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Gold Nearing Multi-Month Highs

COMMODITIES
  • Gold inching higher still in recent trade and touching the best levels of the week. This narrows the gap with the multi-month high printed last week at $1824.50. Clearance here would be the best levels since late June.
  • Yields are creeping higher, with the 10yr again approaching the overnight high printed post-BoJ. Some USD weakness is evident against some currencies more than others - USD/CNH is looking to again test of the overnight low at 6.9575.
  • EUR/JPY remains within range of the key support at the 200-dma of 140.11. Clearance and a close below here would open September's 137.40.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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