Gold under pressure from higher yields and stronger USD
Gold finished lower overnight at $2619 (-2.42%) undercut by higher #yields and a stronger #USD.
If gold were to now see a break below interim support at $2600, we would expect to see further unwind of long gold positioning taking it back towards $2550.
If gold were to now see a break below interim support at $2600, we would expect to see further unwind of long gold positioning taking it back towards $2550.
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