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Gold buyers jump back in

Gold has just extend the rise seen earlier this morning. The push back to the metal comes as the Yen gains (as noted in the previous update) and US stock futures face further pressure. Gold has risen steeply the past few minutes. The push above the Asian high, around $3,272 has now delivered a pretty rapid extension to above $3,289. The high seen last Thursday was set at $3,290.50. That is very much in focus right now. Gold just reached $3,289.83. It is currently trading at $3,285.90
 

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