USD/CHF trades close to 17-month High

The Swiss franc managed to trade slightly higher against the US dollar, however remained close to 17-month low of 0.9676 levels posted in the previous session.
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Gold back above 50-DMA ahead of European session

Gold prices recovered from the early slump to trade above the 50-DMA located at 1196.98 levels despite positive action in the major European equity futures.
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