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Probing Tuesday's Low

GOLD

U.S. Tsy yields have nudged higher in Asia-Pac hours after their pullback during Tuesday's NY session, with the broader DXY a touch firmer (although that is mainly due to JPY weakness vs. the USD, with the moves vs. G10 FX a little more nuanced on a case by case basis), building on Tuesday's bid. Spot gold is lower as a result, last -$5/oz at $1,680/oz, but hasn't yet managed to force a sustained, meaningful break below Tuesday's trough. Bears currently eye the bear trigger in the form of the Mar 8 low (located at $1,676.9/oz) as their next technical target.

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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