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GOLD: Gold's rally received fresh impetus on Monday, and has extended in early
Asia trade, with spot gold registering a fresh cycle high of $1428.88/oz in the
process (the highest level observed since August 2013). The yellow metal last
deals at $1,425.66/oz, $6 or so higher on the day.
- Familiar themes of geopolitical unrest (centring on U.S.-Iran matters), a
softer USD & the recent swathe of dovish turns in the central bank space
continue to support bullion.