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Mid European morning trade witnessed the.......>

GOLD
GOLD: Mid European morning trade witnessed the price print a session high of
$1282.44 before dropping to pullback lows of $1278.70. As NY arrived for the day
session the precious metal continued its buoyant tone grinding back towards the
session highs. The demand is said to have come from investors looking to the
metal as a safe haven as President Trump threatens North Korea.
- A spike in bullion as the price jumped to a 2 week high of $1285.88 before
fading back under $1285. Trading desks have reported the move was order driven.
- In reaction to comments by Fitch "that arrests in Saudi Arabia increase
political uncertainty" has seen a fresh burst of demand for the precious metal.
The price has gone onto print 2 weeks highs of $1287.31.
- Through the remainder of the session XAU slowly pared back its gains, dropping
back towards $1282.00.

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