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Gold meets sellers again as risk on drives the metal below $3,202 once more
Since the European stock market opening this morning, the risk dynamic has improved and that has seen gains across the major European stocks indexes and a push higher in US equity futures. The upshot of that has pushed gold lower again and just now the metal has taken out the earlier Asian low and then dip below that $3,202 level once more. It seems like some stops have now been tripped below that level as it falls to fresh session lows underneath $3,200 Gold is currently trading at $3,199.20
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