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Trades above monthly 100-MA

Gold prices trade above monthly 100-MA located at $1263 levels. The recovery from the Asian session low could be attributed to doubts on whether China would be able to achieve the GDP target it set over the weekend.
The Gold is having a hard time turning positive on the day mainly on account of a 0.40% rise in the USD index. The metal currently trades around $1267/Oz levels.

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