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Gold takes a hit towards $2,700 as uncertainty dissipates
Earlier this morning, despite the rise in US treasury yields and a push above 154 on the USD/JPY, gold held up quite well. However, in more recent trading it has dived towards $2,700. In fact in the past few minutes, as more and more media outlets call it a Trump win the fall in gold has been vertical. The low seen a few moments ago was set at $2,701.61 and it may not be finished with the downside yet. That fall has also taken the metal below its 21 day moving average, in place right now at $2,711. Gold is currently trading at $2,704.45
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