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Gold loses traction again so far today

On Thursday Gold fell to a low at $2,295.68. The rebound that followed on Friday, saw buyers come back to the metal, as risk aversion increased and players searched for a haven away from equity market risk, particularly here in Europe. So, Gold lifted to above $2,335 on Friday, but stalled not long after the 4pm London FX fix. Gold later closed in the US at $2,333.04. Well, so far today it has been tracking lower again and that seems to stem from a modest rebound in the European stock market futures and no further upside yet for the dollar. However, that can soon change again. Nevertheless, at the moment Gold is tracking lower again though and just now it hit a session low at $2,316.96. 

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