Gold extends rebound for a fourth day running ...Middle East

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Gold extends rebound for a fourth day running
With the dollar sagging slightly today, gold is finding reason to cheer on the rebound from last week. The precious metal is up another 0.4% today to $2,026 as it has now erased its post-CPI drop.The rebound comes as buyers defended the 100-day moving average (red line) last week, before breaking back above $2,000. And the run higher has since gathered pace with gold now just down 0.6% on the month.The volatile action in gold to start the year is a reflection of the big swings in market odds on central bank rate cuts pricing. And as things are settling down now a little with traders readjusting, gold is still finding itself supported.I'd argue that bodes well for the precious metal in the bi

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