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Well-Defined Resistance Remains In Play

GOLD

Bullion has nudged higher during Asia-Pac hours, last +$4/oz at $1,885/oz, within the confines of last week's range. Bulls remain focused on $1,892.7/oz, the 76.4% retracement of the Jan 6 - Mar 8 fall. The USD/inflation/U.S. real yield mix remains at the fore on the fundamental side.

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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