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Lines In The Sand Remain Untouched

GOLD

Bullion has nudged lower over the last 24 hours or so, as the DXY has firmed a little, which seems to have outweighed the downtick in our weighted U.S. real yield measure. Spot last deals a handful of dollars softer on the day, just shy of the $1,775/oz marker. Still, the well-defined technical lines in the sand are untouched. It is also worth noting that known ETF holdings of gold have stabilised in recent weeks, and last print ~9.5% shy of the all-time high registered at the backend of last year.

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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