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The softer USD continued to underpin the.......>

GOLD
GOLD: The softer USD continued to underpin the yellow metal, although Gold
failed to consolidate above $1260/oz in spot dealing.
- Fresh 2018 & 7-month lows lacked follow through on Tuesday with an aggressive
bounce from below the long term rising trend line off of 2015 lows & ahead of
the key 200-WMA support. Bears continue to look for a close below the 200-WMA
($1233.8) to confirm breaks of key supports and initially target $1204.5. Bulls
now look for a close above $1262.7 to return pressure to $1273.5 where the
100-WMA is noted.
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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