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Flat In Asia After Break Higher


Spot gold is little changed, dealing around $1,850/oz. A reminder that bullion surged on Wednesday, as participants reacted to a firmer than expected round of U.S. CPI data, with a technical bull trigger broken in the process. Real yields did recover from session lows, which meant that gold peaked just below $1,870/oz (a firmer USD also helped bullion away from highs). The next level of technical resistance is located at the June 14 high ($1,877.7/oz).

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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