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24-Oct (USAGOLD) — Gold starts the week in familiar territory, well within the recent range. However, the yellow metal has caught a bit of a bid in early New York trading after the Chicago Fed’s national activity index remained in negative territory in September, after a negative revision to the August read.
While gold has been narrowly confined for the past several weeks, it is actually showing good resilience in the face of recent dollar gains. In fact, the dollar index set a new 8-month high overseas.
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