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The yellow metal hovered around $1,350/oz,.....>

GOLD
GOLD: The yellow metal hovered around $1,350/oz, as the softer yield & dollar
environment marginally outweighed the bump in equity prices, although the
commodity lacked the conviction to move convincingly in either direction. 
- Topside hesitation ahead of 2018 highs ($1366.0) & the 2016 high is less than
ideal for bulls who need a close above $1374.9 to confirm focus on
$1391.8-1433.3. Daily studies remain well placed for gains. Bears now need a
close below $1336.8 to confirm a break of the 21-DMA and shift focus back to
$1302.5-1309.6 where the 55-DMA 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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