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Gold makes minor gains
Tentative gains have been seen this morning, although for now the price remains unwilling to push beyond $1330. A move through here would then come into contact with the 50-day simple moving average (SMA) at $1337, and a rise through this level would then put the commodity back on an upward trajectory to $1380.
The key support remains at $1305 remains, but buyers may wait for more sustained intraday weakness before taking a position.