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Gold backs off
Gold is just now hitting fresh session lows. The metal appears to be falling back as global equity markets advance modestly and the prospect of a lower US opening this afternoon appears to be waning. That might change of course, but for now it looks like further profit-taking has impacted gold in recent trading. Gold has just now fallen back to a low at $2,486.66. It is off that low now, but a further fall below $2,477 from here might deliver some stops- we shall have to see on that. Gold is currently trading at $2,488.15
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