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Very little to report for the yellow metal,....>

GOLD
GOLD: Very little to report for the yellow metal, which prints around unchanged
levels at writing, last $1,577/oz. Broader risk flows have pushed the gold
around in Asia hours, but spot has stuck to a tight ~$6/oz range.
- Spot is consolidating within its recent range after falling on Monday. As a
reminder, Monday saw Chinese authorities attempt to instil some confidence re:
dealing with the knock-on effects of the Coronavirus outbreak, with further
pressure for gold seen on the back of a stronger than expected U.S. ISM m'fing
print, before some worry re: the health of the Chinese economy/the Sino-U.S.
trade deal crept in on the back off a BBG sources piece, which allowed a
recovery from worst levels.
- Technical parameters remain well defined.
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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