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The yellow metal managed to advance as both....>

GOLD: The yellow metal managed to advance as both the USD & US Tsy yields
softened, with gold last up $8 or so at $1,336/oz in spot trading.
- Gold is currently flirting with the 21-DMA as bulls now look for a close above
$1336.2 to confirm a break and ease immediate bearish pressure. Bulls then look
for a close above $1251.3 to return focus to $1367.3-1374.9. Bears now need a
close below Friday's $1325.5 low to gain breathing room and below the 55-DMA to
confirm focus on $1299.1-1305.9 where the 100-DMA ($1299.1) is noted.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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