Free Trial

Consolidating

GOLD

Gold has hugged a narrow range during Asia-Pac hours, after spot failed to challenge its Wednesday highs over the last 24 hours, with the impact of a stronger USD nullifying at least some of the upward impetus created by worries re: inflation. That leaves spot bullion a handful of dollars lower on the day, last printing $1,855/oz with the previously outlined technical overlay remaining in play. The resumption of cash Tsy & TIPS trade on Friday (after Thursday's market closure), alongside the inflation expectation component of the latest UoM sentiment survey, will provide the focal points ahead of the weekend.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.