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Commodities Brief – Precious metals capped at key resistances, crude recovers and targets upside at 95.50

Gold continues to push higher, however the upside move was initially capped at the 1400.00 key resistance level. Ultimately, a clear break above 1400.00 will confirm investors bullish expectations, and signal a short-term upside reversal initially towards 1445.00-1450.00 area. In these moments, the price of gold is trading at USD $1390.50 per oz. Friday during European trading.
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UK: BBA Mortgage Approvals rise by 32.2K in April

The number of home loans issued by the BBA in April amounted to 32.2K, following 31.4K registered the previous month. Consensus pointed to slightly more increase of 32.7K.
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