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The broader risk-off flows stemming from.......>

GOLD
GOLD: The broader risk-off flows stemming from Apple's profit warning, a sense
of increased Coronavirus worry across the Asia-Pac region (even as China's daily
death toll and new case count moderated) and some background trade war angst
supported bullion during the overnight session.
- Spot last +$6/oz at $1,587/oz, with bulls eying the Feb 3 high and key
resistance at $1,592.1/oz.
- Recent price action has been somewhat bullish, with a bearish doji negated.
Clearance of the aforementioned key resistance level would be the next step for
a move towards the Jan 8 high.
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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