Gold under pressure, but beware of a reversal

Dollar upward momentum helped Gold post a fresh 3 week low of $1279.86/oz...
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USD/CAD soars to 2-week highs

The USD/CAD bounced to the upside from 1.1000, despite better-than-expected economic data from Canada and climbed to 1.1042, reaching the highest price since April 3.
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