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Spot Little Changed Overnight After Thursday's Recovery

GOLD

Thursday saw the DXY & our weighted U.S. real yield monitor pull back from their respective recent highs, which allowed gold to form a base just above initial technical support at Wednesday's low ($1,721.7/oz). Spot then edged away from its NY highs as we moved through Thursday's session, to last deal little changed, just shy of $1,755/oz, as a modest uptick in the DXY competes with a modest downtick in the aforementioned real yield monitor. The technical overlay remains consistent with the pattern outlined yesterday. U.S. PCE & m'fing ISM data provide the points of interest on Friday.

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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