Free Trial

Drawing Support From The DXY & U.S. Yields

GOLD

Spot bullion has added a couple of dollars to last trade at $1,731/oz in holiday-limited Asia-Pac dealing, just above yesterday's high. A softer DXY and downtick in U.S. real yields has supported bullion over the last 24 hours or so, allowing bulls to switch focus to key resistance in the form of the Mar 18 high ($1,755.5/oz). The NFP print is set to dominate during Friday's holiday-thinned session, with thinner markets having the potential to exacerbate volatility.

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.