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Consolidating

GOLD

Bullion has consolidated around the middle of the recently observed range over the last 24 hours, with the DXY a touch lower and our weighted U.S. real yield monitor a little higher over that horizon. Monday's well-documented taper-related comments from Fed Governor Waller did little to stir bullion, with spot operating well within the confines of the well-defined technical overlay, last dealing at $1,810/oz. Fed Vice Chair Clarida's latest address (Wednesday) and the latest U.S. NFP print (Friday) are set to provide the key inputs for participants during the remainder of the week.

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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