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$1,800/oz Still Holding

GOLD

The combination of a softer DXY and lower U.S. real yields put a bid under bullion on Monday, although the DXY's bounce from Monday's lows and continued uptick in Asia-Pac hours has prevented bullion from challenging $1,800/oz overnight, pinning spot to the $1,790/oz area during Asia-Pac hours. A break through yesterday's high ($1,798/oz) and $1,800/oz would open the path to the Feb 25 high ($1,805.7/oz).

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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