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Pressured By U.S. Real Yields, But Tech Support Remains Untouched

GOLD

U.S. real yield dynamics (outside of the retracement in 30s), a firmer USD and another modest reduction in ETF holdings have combined over the last 24 hours, resulting in a weaker gold price, although bears haven't really been able to force a test of the Feb 19 low at $1,760.7/oz in spot, with $1,765/oz holding firm for now. Bullion last deals around $1,768/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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