Free Trial

Gold has operating in a very tight range in....>

GOLD
GOLD: Gold has operating in a very tight range in Asian trading, struggling to
break above 1225 or below 1222, currently trading at 1123.5. 
- The short-term uptrend from the July 19 low has given way, keeping the focus
on the broader downward trend. A break above 1130 would be needed to give bulls
some breathing room, and a break above 1235 would be needed for a more
sustainable recovery.
- Fundamentally, the ongoing rise in US real rates provides the main headwind to
the yellow metal, which remains overvalued based on historical correlations. 

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.