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Jumps $4 Dollar

GOLD
  • Gold sees a sudden $4 gain, seems more of a metal move, although not seeing similar price action in Silver, Palladium, or Platinum.
  • LME desks haven't seen any new trigger, looks order flow related, with very little change in early trade for the Dollar, although the precious metal has benefitted from safer haven flow of late.
  • Gold is at its highest level since the 16th January and is testing the immediate resistance, right here at $2039.4 - High Jan 19.
  • Above the latter, opens to $2062.3/2088.5 - High Jan 12 / High Dec 28.

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