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Spot trades on the back foot, with a lack of...>

GOLD
GOLD: Spot trades on the back foot, with a lack of overt worry re: Coronavirus
evident at a press conference held by China's National Health Commission, last
-$7/oz at ~$15,551/oz
- This comes after gold struggled on Tuesday, even with a focus on Coronavirus
evident, as some suggested that the outbreak may stymie Chinese demand for the
yellow metal over the Lunar New Year period.
- Notable technical support lies at $1,536.0/oz the Jan 14 low and bear trigger,
with resistance at $1,573.7/oz, the 50.0% retracement of the Jan 8-Jan 14
decline.
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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