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Gold lifts above $2,340 in Asian trading

Gold has just now lifted to its highest levels this week. The metal posted a synthetic US close last night at $2,327.81. It has just now lifted above $2,340 and that is the highest it has traded June 7. The move comes following comments from the leading US investment Bank, Goldman Sachs , who note that Gold could be a good hedge against US election risk. Well to this analyst it seems a bit early to make such an assumption, given the US election is still some months away. The move higher in Gold this morning is also at odds with the nudge higher in US yields. The high set a moment ago was at $2,342,13. It is currently trading at $2,340.45

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