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Caution around well documented matters.........>

GOLD
GOLD: Caution around well documented matters allowed gold to break above the
psychological $1,500/oz level on Thursday, facilitating a close above channel
resistance drawn off the Sep 4 high. Follow through has not been forthcoming
overnight, with the yellow metal sticking to a tight range in Asia hours, last
-$2 at $1,502/oz. Bulls now look to $1,519.8/oz, the Oct 3 high, while bears
will look for a quick retrace back into the aforementioned channel.
- A phone call between Messrs Mnuchin, Lighthizer & Liu He, scheduled for later
today, may provide some interest, while next week's FOMC decision presents the
immediate risk event.
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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