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Flat In Asia

GOLD

Spot gold is flat, hovering around $1,790/oz at typing. Our weighted U.S. real yield monitor topped out ahead of Tuesday’s U.S. 20-Year Tsy auction, which allowed gold to form a base. The well received round of Tsy supply then allowed gold to nudge away from session lows. Note that spot traded in a ~$1,785-$1,800/oz range on Tuesday, with familiar technical parameters remaining untouched throughout. Thursday’s U.S. PCE release headlines the docket during the remainder of the week and may provide some impetus for bullion dealers.

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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