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Rising global geopolitical risk and............>

GOLD
GOLD: Rising global geopolitical risk and expectations of Fed monetary policy
easing is keeping up the bid in the gold, which has rallied to USD1383 from a
morning low of USD1357.
- Crucially at yesterday's FOMC meeting, the word 'patient' (with respect to
changing policy rates) was dropped from the official statement. Further fanning
expectations of renewed easing, Powell told reporters "An ounce of prevention is
worth more than a pound of cure". 
- ETF holdings of gold continue to climb and currently stand at 72.61m t oz.

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