Gold looks to snap back-to-back weekly declines with quick change of pace ...Middle East

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Gold looks to snap back-to-back weekly declines with quick change of pace
Gold is up 1% today, nearing $2,370 now as buyers are looking to build on the jump higher yesterday. The precious metal was bid as the dollar faltered after the weaker US weekly jobless claims data. And that is providing a sudden change of pace for gold after having slumped towards the end of April. It is now looking to snap back-to-back weekly drops with a near 3% gain this week currently.But amid the move higher here, there is some trendline resistance around $2,372.50 coming up. That will be one to watch before the $2,400 mark comes into play again ahead of key US data next week.Much like equities, gold has enjoyed a stellar start to the new year only to get checked back a little in April

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