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Gold falls back as dollar rebounds
Since the last update here, the dollar has managed to win back some lost ground. That has seen the USD/JPY reverse an earlier rise to 1.1425, falling back below 1.1375 just now. At the same time, the USD/JPY has risen back above 143 and close to European session highs right now, above 143.25. That in turn has weighed on Gold. The US equity futures are also still on the front foot and that has rather undermined the metal somewhat over the past couple of hours. So, Gold which set a new record earlier today, at $3,245.75 has since fallen back below $3,210. The low seen so far has been set at $3,206.50. It is right now trading at $3,211.80
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