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Consolidating After Another Failure Ahead Of $1,800/oz

GOLD

The downtick in the DXY evident during Asia-Pac hours supported gold prices in early trade this week, with spot adding a handful of dollars to last print just above $1,780/oz. This comes after Friday's pullback which was facilitated by cheapening in the U.S. Tsy space, resulting in yet another failed run at $1,800/oz. Participants eye this week's U.S. Tsy issuance schedule and Wednesday's FOMC decision.

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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