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USAGOLD/Peter Grant/06-22-17
Gold is modestly higher after the recent string of losses stalled shy of trendline support and the 200-day moving average. A slightly lower dollar and a host of uncertainties in the the economic, political and geopolitical realms are all helping to underpin the yellow metal.
Initial jobless claims edged higher last week. FHFA home price index rose in April. We’ll see leading indicators for May and M2 for last week later this morning, as well as FedSpeak from Governor Powell.
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