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Gold falls back after ADP payrolls beat forecasts and USD/JPY lifts above 145

Following on from the previous update, noting the beat in the US ADP payroll report, gold has fallen back below the $2,650 handle. The move lower in the metal was clearly assisted by the push higher in the USD/JPY above 145. The low seen in gold following this report has not yet seen it set a new session low though and given the circumstances out there right now, it might need an even greater push higher in the USD/JPY to facilitate that. The low seen much earlier today was set $2,644.61. Gold is currently trading at $2,649.70
 

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