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Competing Forces

GOLD

A lower DXY has provided some counter to higher U.S. real yields over the last 24 hours or so, leaving bullion little changed on net over that horizon, while the latter ultimately prevented bulls from forcing a challenge of $1,800/oz in spot trade on Monday. Spot last deals little changed around $1,775/oz with a well-defined technical picture in play after the formation of a double bottom pattern in early April.

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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