Free Trial

$1,900/oz Proving A Tough Nut To Crack

GOLD

Gold bulls haven't managed to force a sustained re-test of the $1,900/oz marker over the last 24 hours. Our weighted U.S. real yield measure is a touch higher over that horizon, after recovering from intraday lows on Wednesday, with the broader DXY tracing out a similar pattern, both of which would have played into bullion's pullback from its Wednesday peak. Spot last deals little changed just shy of $1,890/oz, with the 20-day EMA providing the initial line of support.

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

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.