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Gold slips below $1,905 as US stock markets reopen

Gold has now fallen back further today. The metal has just now dipped below 1,905 per ounce, as the US stock markets reopen and try to lift off the lows. The move lower in gold comes as the USD/JPY once again starts to garner some traction after an earlier set back lasted for a lot of the European session this morning. The dollar is higher elsewhere too, as the EUR/USD drops back below 1.06 again just now below 1.0590. Gold has just now traded close to 1,904.50 and the reader is reminded of the previous interim low just above 1,901. That was also mentioned here earlier today, as was the potentially more important level, at 1,900. Gold is just now trading at 1,905.30

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