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USD Dynamic Supports

GOLD

The softer USD and paring back of expectations re: the ultimate size of any impending U.S. fiscal stimulus has underpinned bullion in recent sessions, although a recovery in U.S. real yields is keeping the rally in check, for now. Still, bulls have managed to chew their way through several technical resistance levels and they now look the Sep 16 high at $1,973.6/oz, with spot last dealing at $1,956/oz, +$5/oz or so on the day.

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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