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Gold steady so far today

Yesterday, eventually gold did make it back above a potential resistance level around $2,327. The metal lifted towards $2,335 ahead of the US close and later ended that session at $2,329.46. So, that close was technically mildly positive and that has helped to stabilise the price action so far today. The range seen since the US close has been covered by $2,326.57 to $2,332.73. It is worth noting; that the US bond markets are closed today, so there is now influence on the metal from that direction today, in terms of shifting yields. The USD/JPY might have some impact though, depending on where that leads. Gold is currently trading at $2,330.20

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