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Gold stalls above $3,350 and falls back this morning
Yesterday Gold staged another rebound and that saw it once again reject a possible fall below $3,260. The recovery that followed saw the metal lift into the 3pm London Gold fix and then extend the move into the US close. Gold rose to $3,353.06, before setting a later US close at $3,343.98. The price action so far today has been southbound once again and that has seen Gold fall to $3,305.63 a little earlier this morning. Earlier the metal peaked at $3,348.73. The move lower comes as the wider dollar rebounds against most of its G10 peers so far today. As you can see, the lines of demarcation noted here yesterday (3,260-3,370) have remained intact. Gold is currently trading at $3,313.30
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