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Gold breaks below $1,240

FXStreet (Córdoba) - Spot gold continued to slide and fell to the lowest in 8 months below $1,240/oz. The yellow metal broker earlier below $1,240, dropped to $1,238 but then bounced to the upside $10, only to resume the decline afterwards.

Recently bottomed at $1,235/oz, a level not seen since January 23. The price of the gold is falling for the fourth day in a row.

XAU/USD breaks important support

A consolidation below the $1,240 zone could be a significant event from a technical perspective: the mentioned area capped the downside during May and June.

No so fast! USD/JPY grabs another high at 107.20 but it was sold again

After reaching a previous high of 107.15, the USD/JPY moved down to 106.60 where the pair bounced back to a fresh 6-year maximum at 107.20. However market said not so fast and the unit was launched back to 106.70.
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USD/CAD rises to 4-month highs

Greenback has been rising against the loonie since the beginning of the day and recently reached the highest price since April 25.
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