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Gold pushing higher again as US yields drift
US treasury yields have continued to drift lower this morning. The US 10 year note is now approaching 4.60% and that is weighing on the USD/JPY a bit more now. The USD/JPY is right now hitting session lows, around 143.80 and that is allowing some breathing space for the EUR/USD and the GBP/USD, which have both edged a little higher in recent trading. The same dynamic is also helping to push gold higher again. The metal earlier dropped back towards $2,910. It is now pushing back closer to $2,920 and if that continues, it might see a test of the earlier Asian session high, at $2,922.82
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