Gold continues to fail to improve on the.......>

GOLD

                                            GOLD: Gold continues to fail to improve on the recent highs, despite the

                                            cautious tone surrounding markets and ever growing  worry re: coronavirus, as

                                            participants continue to point to crowded longs and margin call requirements in

                                            other assets leading to liquidation in yellow metal longs.

                                            - Spot last $1,636/oz, little changed on the day.

                                            - Bears look for a break below $1632.0/oz, the Mar 4 low, after yesterday's

                                            close below the Mar 10 low. A consolidated break below the former would see them

                                            switch their focus to the 50-EMA. Recent highs present the only real initial

                                            resistance of note.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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