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The further gains across the equity markets ahead the weekend and particularly the Dow Jones has provided the the perfect catalyst for Gold buyers to return and lift the metal closer to the $2,400 mark again. Indeed it has been a steady climb higher for the metal all day and it is not far removed from the earlier session high just now. Earlier gold topped out at $2,390.82. It then backed off a bit into the 4pm London FX fix, but it has edged back up since. Also to note here about the month-end for Gold and the major FX pairs- Monday is spot month-end for all of those and that could throw up some month-end re-balancing orders. So, please be mindful of that on Monday, because there will be no Quick News update to illuminate on any of that. As already noted updates will return very early on Wednesday morning just after the Bank of Japan releases the eagerly awaited monetary policy decision. That could impact gold prices too, owing to the correlation between the metal and the Yen. Gold is currently trading at $2,388.20
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