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DXY Uptick Creates Some Pressure

GOLD

The uptick in the DXY and steady real U.S. Tsy yields have allowed some light pressure to creep in over the last 24 hours, with spot gold having a brief look below initial support on Wednesday. A break below yesterday's trough would open the way to key support, which comes in the form of the Jan 18 low, located at $1,804.7/oz. Spot last deals just below $1,840/oz, ~$5/oz softer on the day.

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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