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Gold falls further as dollar gains with yields

Those higher US yields have continued to weigh on Gold right now. Earlier the metal fell close to $2,350, but then rebounded back above $2,360. Well, as you can now see, that rebound has blown out and the break below $2,350 that has followed has sent the metal to fresh session lows. In fact it has just a moment ago traded to below $2,340 and that fall comes as the dollar makes further headway versus the European currencies. The GBP/USD has fallen back further since the last update and dropped closer to the 1.23 handle. The EUR/USD is lower too, just now slipping below 1.0640. Gold is currently trading at $2,342.50 after hitting a low so far at $2,339.52 as the demand for save havens seems to dissipate further

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