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Gold rejects first attempt on $2,760
Gold is just now slipping back underneath $2,750. Earlier this morning the metal came close to the noted next resistance level, at around $2,760. The high seen was set at $2,758.49. So, it seems that sellers have stepped in just ahead of that technical level and banked some gains. The drop in Gold also comes amid a flurry of US earnings results, most of which are modestly positive, but that has not yet translated into any meaningful gains across the US futures. The USD/JPY rising close to 152.90 earlier may also have helped to push Gold back. Gold is currently trading at $2,749.85
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