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Resistance Holds

GOLD

A light uptick in the USD, after Wednesday's DXY weakness, has applied modest pressure to bullion in Asia-Pac hours, with spot last trading $8/oz or so softer at $1,916/oz. This comes after spot failed to break the previously outlined bull trigger point, with yesterday's high coinciding with the bottoming out of U.S. real yields and the DXY, at least for the session. The technical lines and fundamental drivers have not moved.

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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