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Cross-Market Inputs Drag Gold above $2,000/oz


Cross-market inputs once again come to the fore for the yellow metal as the BBDXY moves towards lows and Tsys move off session cheaps, with a bid in silver also helping.

  • That drags bullion above $2,000/oz in spot trade, in the first foray above the level since late October, last printing at $2,005/oz.
  • Technically, well-defined parameters remain in play and bulls remain in control at present. A stronger resumption of gains would open $2,022.20/oz, the May 15 high. The bull trigger at $2,009.4/oz, the Oct 27 high, provides initial resistance ahead of there.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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