Some aggressive USD selling helped revive demand for the dollar-denominated commodity.
A strong rally in the global equity markets kept a lid on any runaway rally for the metal.
The set-up warrants some caution before positioning for any further appreciating move.
Gold struggled to capitalize on its goodish intraday bounce from four-day lows and was last seen trading in the neutral territory, around the $1710 region.
The US dollar failed to sustain its early positive move, instead met with some aggressive supply and turned out to be one of the key factors that helped revive demand for the dollar-denominated commodity


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