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Holding Sub-$1,800/oz

GOLD

A narrow Asia-Pac session sees spot gold trade little changed, dealing just above $1,790/oz. This comes after a move and close below $1,800/oz on Tuesday, as our weighted U.S. real yield monitor moved higher, although gold pulled back from intraday cheaps as the monitor moved back from best levels of the day. From a technical perspective, yesterday's break below the Nov 5 low exposes key support in the form of the Nov 3 low ($1,759.0/oz). The minutes from the latest FOMC monetary policy decision & U.S. PCE data provide the highlights ahead of the impending U.S. Thanksgiving holiday.

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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