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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.
GOLD
- Gold is starting to push closer to earlier high of $2082.43 again after pausing with the halt in the decline US Tsy yields and subsequent minor lift in the USD index.
- The day’s increase has cleared resistance at $2073.4 (61.8% retrace of Dec 4-13 bear leg) to open $2097.1 (76.4% retrace of the same move).
- It’s a level that would mark the highest close on record but it remains below the Dec 4 all-time high of $2135.39 seen early in Asia hours before that above bear leg emerged after a snap into overbought territory.
- Gold’s YTD gains stand at 14%.
Spot goldSource: Bloomberg
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.
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