Free Trial

Gold and Silver Dented by USD Bounce

COMMODITIES

Oil markets are mixed, with the WTI-Brent spread a touch narrower, but recent gains are largely being held amid light newsflow this morning. WTI's Feb contract hit a new cycle high of $51.28 in Asia-Pac hours, but much of the advance has been pared throughout the European morning.

The USD is modestly stronger, which has capped spot gold and silver prices - both sit a little lower ahead of the US open. Gold is now well off the Wednesday highs at $1959.35, but has also steered clear of yesterday's lows, which act as first support at $1900.88.

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.