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Gold decline looks set to persist
Gold has been in decline since reaching the upper boundary of its range two weeks ago, with the price fleetingly hitting the lowest level in a month yesterday.
That $1320 support level is going to be key today, where a break below it would point towards a potential drop into the $1306 range bottom. Alternately, a break through the $1333 mark would provide a more bullish outlook for the short term.