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Gold analysis: Metal probes key resistance amid conflicting macro influences

From forex.com

In the last couple of sessions, gold has struggled to move north of the key $2000 mark following its recent gains. Though the metal hasn’t exactly sold off or raced away from this level, the bulls would argue that its relative steadiness may be a sign of strength, especially when you consider the fact that dollar has further extended its advance against the yen and made a comeback against most other currencies on Tuesday. We have seen further improvement in US data, and so far, this has also been shrugged off by gold investors looking to push the metal more decisively above the $2K level this time. But it remains to ... (full story)

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