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The yellow metal has stuck to a tight range....>

GOLD
GOLD: The yellow metal has stuck to a tight range thus far, hovering just shy of
$1,300/oz. Bullion last trades at $1297/oz, $1 or so softer in spot trade.
- Friday saw gold draw support from the broader risk-off tone that was in play,
aided by the combination of lower U.S. yields & a softer USD in the wake of the
soft NFP headline in the latest U.S. labour market report.
- Bulls look for consolidation above $1,300/oz and the 50-DMA located just above
after threatening to break above on Friday. Bears look for a move back below the
March 5 low.
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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