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Spot Gold briefly spiked higher after the......>

GOLD
GOLD: Spot Gold briefly spiked higher after the futures re-open, but quickly
faded, and traded lower on the back of a stronger USD which meant that the
yellow metal once again failed to consolidate above $1300/oz.
- Lacklustre trading continues with gold remaining capped ahead of the 200-DMA
{$1307.0). However, narrowing Bollinger bands increase the risk of a break out
in the coming days. Bulls need a close above $1310.5 to ease bearish pressure,
while bears need a close below the 100-WMA ($1276.0).
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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