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Gold remains happy to trade either side of.....>

GOLD
GOLD: Gold remains happy to trade either side of $1,500/oz, with $ funding
matters and the rhetoric surrounding the weekend attacks on Saudi oil facilities
the driving factors on Tuesday.
- Spot last deals at $1,502/oz, virtually unchanged on the day.
- Uptrend support from the May 30 low ($1,495.4/oz today) continues to hold on a
closing basis, which allows bulls to keep their focus on the Sep 12 high at
$1,524.3/oz.
- The FOMC MonPol decision & $ funding dynamics will likely drive price action
on Wednesday.
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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