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The yellow metal spiked higher to $1286.31.....>

GOLD
GOLD: The yellow metal spiked higher to $1286.31 in early Europe, as market
sources reported approximately 3k contracts bought near the $1282 level. After
paring some of the gains price steadied, trading around $1283.74.
-Received a lift to fresh intra-day highs $1286.87 as the dollar weakened on
soft US Durable Goods data. The move upwards was helped by 10Y UST yields coming
off its intra-day peak.
-The yellow metal continued its upward trajectory as it printed new intra-day
highs of $1288.65. As the 10Y UST yield fell and the dollar weakened sharply the
bullion did not hesitate to keep up its buoyant tone.
-Price printed a new intra-day highs of $1292.67 as a mild risk off tone took
shape. US Tsys yields and Usd/Jpy were sharply lower.
-The release of the FOMC minutes which did show concerns over inflation, however
a December hike still on the cards. The price went onto print fresh highs of
$1293.55.

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