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Hovers Near Week's Low

GOLD

The yellow metal is lower, losing ground for the second straight session and the fourth day this week, on track for its first weekly decline since March 5. Markets are still assessing the weak 7-year US auction which briefly saw yields spike. A broad risk on tone has pressured gold, with equity markets recouping some of their recent losses. Gold last trades down $2.69 at $1724.32/oz, touching the lowest level this week, a break of $1720 brings $1700 into focus before looking at the 2021 low around $1680.

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