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Gold Still Fighting an Uphill Battle -- Market Talk

19 Jul 2017 6:37 am

0637 GMT - While getting toward its best levels of the month and prospects being for further gains short-term, "the rising prospects of tighter global monetary policy may dampen" gold's allure in 3Q, contends FXTM. "From a technical standpoint, bulls need a breakout and daily close above $1,240 for a further incline higher towards $1,260." But "repeated weakness below the $1,240 resistance level may encourage sellers to drag gold back towards $1,225." Futures are currently around $1,240. (ese.erheriene@wsj.com; @Ese_Journo)

(END) Dow Jones Newswires

July 19, 2017 02:37 ET (06:37 GMT)

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