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26-Oct (USAGOLD) — Gold eased modestly within the range, despite a pullback in the dollar. This leaves the yellow metal well within the recent range with the market searching for an impetus to trigger a breakout.
Rates remain firm on mounting expectations that the Fed will pull the trigger on a 25 bps rate hike in December, regardless of the realities of the economic data. The trade gap narrowed in September to -$56.1 bln, whereas it was expected to widen. New home sales come out later this morning.
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