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Still Rangebound

GOLD

An uptick in the DXY has pressured spot back towards Wednesday's lows during Asia-Pac trade, last dealing -$5oz at $1,867/oz, with the first line of meaningful support coming in at $1,848.8/oz, which represents the Sep 28 and bear trigger. U.S. real yields and the DXY will continue to dominate, while total known ETF holdings of gold should also be watched in the wake of the recent downtick in that particular metric, which we flagged earlier this week.

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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