Gold cliffs to gains amid fresh US dollar selling on Monday afternoon. Gold price is near intraday high, bounces off 13-day low, currently trading near the daily high, near $1664. However, any subsequent move up might still be seen as a selling opportunity. A sustained strength beyond the $1680 supply zone is needed to negate the near-term bearish bias. We expect Gold to move to $1670 - $1675 today during the US trading session. The US bond yields and the risk sentiment will influence the USD price dynamics and will have the impact on gold next move.
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