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Gold Futures (GC) – Late Session Short-Covering Rally Could Target $1889.80

From fxempire.com

Gold futures are inching higher late in the session on Tuesday as a weaker U.S. Dollar drove up foreign demand just enough to underpin the dollar-denominated asset. Prices could rise further into the close because March 10-year Treasury notes have reversed to the upside and are currently in a position to close higher for the session. For those who don’t know Treasurys have an inverse relationship with yields so this means yields are falling today. At 18:21, February Comex gold futures are trading $1852.00, up $1.20 or 0.06%. Earlier in the session, gold prices eased in choppy trading that earlier saw it climb as much ... (full story)

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