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Sticking Within The Lines

GOLD

A slightly softer USD has provided some light support for bullion over the last 24 hours or so, although both the DXY and spot gold have continued to operate within the confines of the respective ranges established earlier in the week. This leaves a relatively stagnant technical picture, with spot last dealing around the $1,875/oz mark.

  • Known ETF holdings of gold continue to flatline after the pullback from record highs for the metric, which were lodged back in October.
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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