Free Trial

$10/Oz Firmer On The Day As Bulls Benefit From Headline Flow

GOLD

The lower yield/dovish Fedspeak/increased geopolitical risk environment combines to promote a bid for the yellow metal, with spot last dealing $10/oz firmer on the day at $1,870/oz.

  • Bulls will now look to breach the 20-day EMA ($1,878.2/oz), in a bid to turn the technical tide more in their favour.
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.