Gold bulls target $1485/oz

Gold prices rallied in Asia but stalled and started to deteriorate in European markets into consolidation before a sell-off emerged on the back of les
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PBOC sets USD/ CNY central rate at 6.8701 (vs. yesterday at 6.8580)

The People's Bank of China has set USD/ CNY central rate at 6.8701 (vs. yesterday at 6.8580).
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