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A Little Off Thursday's Lows

GOLD

Spot bullion has added just over $10/oz during Asia-Pac hours printing at $1,785/oz as I type, moving away from Thursday's lows. A reminder that Thursday's uptick in the USD applied pressure to bullion, while gold even managed to look through the strong pullback in U.S. real yields during late NY hours, which was a product of U.S. breakevens working off of their narrowest levels of the day. The next level of key support is located at $1,756.2/oz, the April 29 low.

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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