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Date Posted: 00:52:16 08/24/12 Fri
Author: Charisse Bartoli
Subject: Gold slips to first loss in seven sessions

This morning, the US dollar is recovering after four days of losses. This strength is causing gold to slip back for the first time in seven sessions.
The precious metal is down 0.34%.

The dollar's strength is also helping the USD/JPY to rise after Wednesday's sharp losses.

Coming up today we have UK revised GDP at 09.30. GDP is expected to be revised upwards to -0.5%. US core durable goods follows at 13.30.

The AUD/USD has been struggling this week, under performing the other major dollar pairs due to fears of a China slowdown.
The pair is sitting right on support around 1.0400. This holding for now, but it it breaks, there is potential for a rapid sell off early next week.

A good way to play this on BetOnMarkets.com might be an TOUCH trade predicting that the AUD/USD closes touches 1.0325 in 4 days time.
This could return 155% if successful.


Get this trade now, go to: http://goo.gl/A5hal


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