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Gold extends gains to above $2,057

As the USD/JPY has gradually handed back its earlier rebound gains from above 142.50, that has allowed gold to lift back to the highs it set earlier today and extend upon those too. So, Gold just now rose to a fresh session high at $2,057.27. It has just stalled up there for the time being and edged off a bit. The overall topside break does remain intact though and more readily, as long as 2,048 caps any dip, as it has so far today, the prospect of more upside remains in place. However, as with many other instruments today, that US PCE report could hold the key as to how this all plays out ahead of the Christmas weekend. Gold is currently trading at $2,055.10 
 

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