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Gold Prices Erase Russia-Ukraine Move Higher

GOLD
  • Gold prices slip further in recent trade, putting spot through the earlier lows to touch $1842.2 - this is the lowest print for the metal since February and has now erased the entire move higher posted since the Russian invasion of Ukraine.
  • The 200-dma undercuts as support here ($1836.7) but weakness below that level opens $1828.42, the 76.4% retracement of the Dec - Mar rally.

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