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Lack Of Conviction

GOLD

Gold continues to meander, dealing either side of $1,800/oz over the last few days, with the eventual modest uptick in U.S. Tsy yields unwinding a portion of Tuesday's U.S. CPI-inspired gains during Wednesday's NY session. Participants look for more clarity come the end of next week's FOMC decision, with the familiar, well-trodden technical overlay for gold remaining in place for now, as spot deals essentially unchanged at $1,795/oz.

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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