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Backs Away

GOLD

Gold continues to operate in familiar territory, with spot backing away from the late NY highs, last printing -$11/oz at $1,943/oz after USD and U.S. Tsy yield dynamics supported bullion on Wednesday. Tsy yields richened a touch during Asia-Pac hours, with the USD reversing most of its early in session weakness to deal little changed (in DXY terms), but gold still managed to move lower.

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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