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The yellow metal ran out of steam in front.....>

GOLD
GOLD: The yellow metal ran out of steam in front of $1,350/oz on Wednesday,
after China & the US appeared willing to reach a trade deal, despite the earlier
announced counter measures outlined by China. Gold last trades at $1,330/oz.
- Follow through remains lacking on approach to the $1350 level with gold
looking a little offered and pressuring the high from Mar 29 ($1328.3). Bears
need a close below here to ease bullish pressure. While the level supports,
bulls remain focused on the $1361.7-1374.9 region where the YtD highs are
located.
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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