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Back To $1,800/oz After Foray Higher

GOLD

U.S. real yield dynamics have been in charge over the last 24 hours, with gold easing back from best levels during Thursday's NY session before consolidating around the $1,800/oz mark in Asia-Pac hours. From a technical perspective. Thursday's brief showing above the 50-day EMA was fleeting, with any sustained break above the level set to expose the Jun 17 high ($1,825.7/oz). Initial support remains well defined.

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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