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Gold is marginally softer on the day, last trading a touch above $1,880/oz.
- The DXY has edged away from its newly minted cycle lows during Asia-Pac hours, which has applied very modest pressure to bullion after spot failed to challenge $1,900/oz on Thursday. A reminder that the pullback from intraday lows for U.S. real yields allowed gold to move off best levels of the day on Thursday. A softer USD and lower U.S. real yields had provided support for bullion in early U.S. trade.
- Bulls now look to clear psychological resistance in the form of the $1,900/oz mark to open the way higher.