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Gold firmer, albeit below $1,200

FXStreet (Edinburgh) - The precious metal is trading in a tight range on Tuesday, posting marginal gains although it remains in sub-$1,200 levels.

Gold improved on Greece jitters

Concerns regarding the uncertainty around Greece keep bolstering prices during the first half of the week, in spite of today’s rising optimism that a EU-Greece deal could be closer.

The other factor sustaining the Gold’s upside momentum would be the strong re-emergence of the selling interest around the greenback, dragging the US Dollar Index to multi-day troughs.

Gold key levels

Gold is now up 0.46% at $1,194.20 with the initial hurdle at $1,205 (high Jun.1) ahead of $1,225.76 (high May 19) and finally $1,228 (high May 14). On the other hand, a breakdown of $1,184 (low May 27) would aim for $1,177 (low May 4) and then $1,168.50 (low Mar.20).

NZD/USD: Headed for a temp low? - UOB

Analysts at UOB Group explained that NZD/USD has not made a temporary low yet below key resistance.
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USD/CHF slides toward 0.9300

After a short lived recovery USD/CHF resumed the decline and dropped back toward 0.9300, reaching a fresh 12-day low at 0.9307.
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