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Gold takes another hit as US yields rise

There have been a number of reactions across the markets to the much better than expected US ISM index and one has been seen in Gold. The metal earlier dropped to around $2,243, only to rebound to around $2,258. It was already falling back again into the ISM data and that has now kicked it lower again. It has not yet filled the gap to just below $2,232, but it would be wrong right now to rule out such a move. Gold is currently trading at $2,237.20 

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