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Some Gold traders taking money off of table

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NEW YORK (Scrap Register): Gold is pulling back as “traders take some [money] off the table, said George Gero, managing director with RBC Wealth Management.

He added that the concerns about the global economy removed some of the immediate inflation concerns.

Gero noted that with gold still range-bound, the $1,275 to $1,325 area is “becoming a trading vehicle for many who sell the upper range and buy the lower range.”

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