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Gold rebounds to close above $2,000

The drop in the dollar and US yields yesterday afternoon provided the perfect excuse for gold buyers to return and that saw the metal rise back above $2,000 per ounce. Eventually, gold pushed up to a session high at $2,008.34. It did fall back below $2k again from there, but lifted once more into the US close, where it ended that session at $2,004.40. However, it has not been able to build on that close so far today and that is due to the USD/JPY and US yields lifting once more. The high seen in gold so far has been set at 2,005.70 and the low at 2,002.45. So, as you can see, the range has been very tight today ahead of the European opening. Gold is currently trading at $2,003.80

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