© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI: OECD Sees Weakest Growth Outside of Pandemic Since 2008

PBOC Drains Net CNY22 Bln Weds; Rates Unchanged

MNI BRIEF: RBNZ Holds At 5.5%, Adjusts Peak OCR, CPI Calls

Belgian And Irish HICP Add To Broader Core Disinflation Story

US GDP ANNUALISED Q3: 5.2%

Broad-based Disinflation In November

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

MNI BRIEF:Macklem-Fiscal Policy Turning Unhelpful On CPI Fight

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

Consolidates Last Week’s Significant Gains

GOLD
Metals bulletHomepageCommoditiesBulletMarketsFixed Income NewsForeign Exchange News

Gold is slightly stronger in the Asia-Pac session, after closing near unchanged at $1980.82 ahead of the weekend.

  • Despite a bear-flattening on Friday, bullion has benefited from lower US tsy yields this month following signs of slowing inflation.
  • That said, investors will be closely watching today's auction of 20-year notes for an indication of whether the recent trend of lower yields will persist. Lower yields are typically positive for non-interest-bearing bullion.
  • Friday's market activity solidified the substantial gains (more than 2%) observed earlier in the week, bringing the yellow metal in proximity to the pivotal threshold at $2009.4 (corresponding to the highs on Nov 7 and Oct 27), as highlighted by MNI's technicals team.
114 words

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.

Gold is slightly stronger in the Asia-Pac session, after closing near unchanged at $1980.82 ahead of the weekend.

  • Despite a bear-flattening on Friday, bullion has benefited from lower US tsy yields this month following signs of slowing inflation.
  • That said, investors will be closely watching today's auction of 20-year notes for an indication of whether the recent trend of lower yields will persist. Lower yields are typically positive for non-interest-bearing bullion.
  • Friday's market activity solidified the substantial gains (more than 2%) observed earlier in the week, bringing the yellow metal in proximity to the pivotal threshold at $2009.4 (corresponding to the highs on Nov 7 and Oct 27), as highlighted by MNI's technicals team.