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Stuck Between The Lines In The Sand

GOLD

Gold coiled on Thursday, with the impact from the downtick in our weighted U.S. real yield monitor nullified by the uptick in the USD, although the former, coupled with some subsequent richening for U.S. Tsys may have provided light support for bullion in Asia-Pac hours. Spot gold last deals a handful of dollars higher just below $1,790/oz, with the technical pattern that we have outlined on several occasions this week still in play.

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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