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Gold was the one the outlier, as it failed.....>

GOLD
GOLD: Gold was the one the outlier, as it failed to benefit from risk off flows
stemming from a softer yuan fix from the PBOC, and operates around session lows
just shy of $1220/oz last.
- Bears remain focused on July 2017 lows ($1204.6). The lack of follow through
on fresh 2018 lows is less than ideal with daily studies now at oversold levels.
Bulls still need a close above the low from July 13 ($1236.6) to gain breathing
room.
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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