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Gold sets a new interim low under $1,815

As reported here in the last two updates, the dollar is higher and so are yields and that has also impacted gold. The metal has now fallen to below $1,815 as those US yields edge higher. The low seen so far has just been set at 1,813.16. The prospect of this downside move extending is still live, but it will also depend on how the US treasury markets and the USD/JPY move from here. Either way, the knives are still out for gold it seems and its perpetual failure to gain any traction is an ongoing concern. Gold is just now trading at $1,815.20

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