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Latest USD Uptick Weighed On Wednesday


Spot gold deals little changed, just shy of $1,790/oz, sticking to a very narrow range in Asia-Pac hours. To recap, Wednesday's modest uptick in the broader USD seemed to keep a lid on bullion, with spot failing to make a notable, sustained push above $1,800/oz, even as our weighted U.S. real yield monitor pulled lower. Initial support is now located at the August 19 low ($1,774.5/oz). Initial resistance remains at the July 15 high and bull trigger ($1,834.1/oz).

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