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Gold finds a buyer to new session highs above $2,330

Although it seems pretty quiet out there right now, the lack of noise does disguise some choppy moves unfolding out there now. Since the last update, the DAX, CAC and FTSE have all rebounded again and are now making progress, rising to session highs and the EUR/USD has made some further modest progress. At the same time Gold has found a buyer out of the woodwork and just now lifted to session highs above $2,330. The exact reason for the move is unclear, but it could reside with a slightly weaker dollar. It certainly has nothing to do with US yields right now, because those have not changed at all this morning, to any degree worth talking about. Gold has just now reached a new session high at $2,331.81. It is currently trading at $2,330.90 
 

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