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Gold extends recovery, approaches $1,200

Spot gold managed to erased losses and climbed to $1,198.80/oz, reaching a fresh daily high.
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AUD/USD found resistance at 0.8750

The upbeat momentum in the Aussie dollar seems to have run out of steam in the mid-0.8700s do far, with the AUD/USD now deflating to the 0.8720/15 band....
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