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Gold snaps downside correction as it reclaims $2,160

Since my last update noted the downside correction in gold, the metal has now managed to rise back above where it closed on Friday (2,155.90). That has helped fuel some further gains and so Gold has recently risen back above $2,160. The move has extending to $2,161.32 a short while ago. The slight drop back in US yields has helped to per perpetuate this move, but in terms of anything to technical significance here in terms of the Gold price, there is nothing special to note at these levels, as no fresh ground has been reached in the technical sense. Gold is currently trading at $2,160.50

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