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Gold unable to recover as USD remains strong supported by yields

Gold remains vulnerable, under $1,300/oz. Higher US yields continue to limit any recovery and remain supportive of the US Dollar. Gold printed a fresh 2018 low earlier today at $1,285.10/oz and then bounced modestly to the upside. The recovery lost strength above $1,290 signaling that downside pressure still persists. Higher US yields continue to affect […]

The post Gold unable to recover as USD remains strong supported by yields appeared first on Forex Crunch.

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