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Still Struggling, No Meaningful Test Of $1,700/oz, Yet

GOLD

Gold has struggled over the last 24 hours on the back of the uptick in U.S. real yields and the DXY, while ETF holdings of gold continue to trickle lower. Spot last deals little changed on the day around the $1,710/oz mark, with psychological support at the $1,700/oz yet to be subjected to a significant test. Fed Chair Powell's Thursday address will be key re: setting the tone as we move towards the Fed's blackout period ahead of its March monetary policy decision.

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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