By Jeremy Boulton — Apr 23 - 05:28 PM
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Gold drops to $2295/oz - $136/oz below this year's record high
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Gold dropping quickly from $2417.59/oz on Friday
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Rally was extremely stretched when gold reached the record high last week
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Targets for minor corrections of Oct-Apr rise are $2284 and $2194
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Gold traders have established big bet on a rise - lots of profits to book
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Most other markets fairly placid so driver most likely profit taking
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Source:
Refinitiv IFR Research/Market Commentary