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Free AccessThe yellow metal continued its buoyant tone....>
GOLD: The yellow metal continued its buoyant tone through the European morning
staying in a relatively tight range of $1267.21 -1269.32. A minor pullback in
the price in early NY, as the dollar received a modest lift, the precious metal
drifted back towards $1267.50.
- The precious metal continues to grind higher, in very thin markets, in what
traders are describing as an order driven move the price has printed fresh
session highs of $1272.19 before fading back towards $1270.50.
- The precious metal receives a further boost as ZAR continues move higher, up
1.4% on the day. The precious metal has grinded to fresh session highs of
$1274.89.
-Another late rally in the precious metal as the dollar lost ground, the price
went onto print a fresh intra-day high of $1276.10.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.