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Gold under pressure Loss safe haven demand…

Prices now trade $7.5 lower on the day around $1231.50/Oz levels. The area at/above $1240 has been swarmed by offers throughout last one week or so. Repeated failures to sustain above $1240 could be an indication the metal may be running out of steam.
Focus Today US GDP
1% rise in the Stoxx 50 index is keeping the metal under pressure. Later today, the US Q4 preliminary GDP and personal spending report could influence the metal.

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