GOLD: Spot gold holds at $1627.25/oz, after trading in a $1620.50 to
$1633.20 range, with the precious metal underpinned by safe-haven
demand as well as a softer dollar overall. James Moore, precious metals
analyst at TheBullionDesk notes that "investment interest has been
picking up, at both the retail and institutional level." Gold stalled
earlier just shy of trendline resistance at $1635. Fund stops are likely
just above that level, he says. Moore reminds that there was a big build
in gold shorts on the downside break of $1650 and the market "could see
a bit of a vacuum" if stops are triggered to the topside, "with gold
pushing towards the 200-day moving average around $1670.80."