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COMMODITIES: The spot gold price retreats further, with the precious metal
continuing to reverse a minority of the firm gains posted since the beginning of
the week. The slightly firming USD is countering any support gold may have
received from negative equity markets and any fall through the $1,330 mark will
open support at $1,329.86 (38.2% $1,302.48 - 1,346.80) and the tentative uptrend
drawn from mid-November that currently clocks in at $1,307.