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Gold lifts towards $2,400 again

Yesterday Gold lifted from a European low point at $2,363 to above $2,395 ahead of the European close. Gold later closed in the US at $2,382.89. Earlier this morning the metal was tracking lower again, as it dropped back to a low at 2,372.83. It is on the rise again now though, lifting back above $2,390. The high seen yesterday was set at $2,398.34, so it seems a seller were in place just ahead of the $2,400 handle. It remains to be seen if they are still there again today. The fact that Gold has rebounded towards that level, even as US yields have pressed higher, is once again testament to the underlying demand that seems to remain in place. Gold is currently trading at $2,392.10 

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