Free Trial

Bullion Higher Today, Dips Holding Above $1900/oz

GOLD

Gold prices are up 0.3% during the APAC session to around $1909.30/oz, close to the intraday high but below Wednesday’s high of $1925.895. Bullion fell after hawkish Fed comments offset the impact of soft data on the USD but has recovered somewhat today on a slightly weaker dollar.

  • Gold is holding above $1900 and remains in a bullish trend with higher highs and higher lows after it traded at a new trend high earlier this week. Today’s low was $1901.04 after Wednesday’s $1908.69.
  • Later US building permits and housing starts plus jobless claims and the Philly manufacturing survey are published. ECB’s Lagarde is also scheduled to speak.

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.