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Range Intact Ahead Of FOMC

GOLD

Spot has added $4/oz since settlement to last deal at ~$1,736/oz, sticking to the confines of yesterday's range, as bulls look to force a technical break above the 20-day EMA to open up the next leg higher. Wednesday's FOMC decision presents the immediate risk event for U.S. Tsys & the USD, and as a result, bullion.

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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