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Drawing Support From A Confluence Of Factors

GOLD

The post-FOMC push lower in U.S. real yields and the DXY, in addition to some respite for Chinese equities and suggestions that China will not ban domestic companies from listing in the U.S. have combined to support bullion over the last 12 hours or so. Spot last deals the best part of $10/oz higher at $1,857/oz. Initial resistance is still some way off, located at the July 15 high/bull trigger ($1,834.1/oz).

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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