FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Gold is down slightly in Asia-Pac, the.........>

GOLD
GOLD: Gold is down slightly in Asia-Pac, the yellow metal last down $1.11 at
$1,287.04. Gold moved within a range on Thursday, and was fairly subdued despite
the US political goings on with the rumoured resignation of economic adviser
Cohn (later confirmed to be false) and the terrorist attack in Barcelona. Gold
moved between $1,280 and $1,290 on Thursday and has shown no sign of breaking
out during Asia despite broad declines in equity markets and slight extension in
the decline in the USD.
- Gold did initially drift higher in Asia, some attributing this to continued
tensions between India and China over a Himalyan territory, but this proved
shortlived and gold has sluggishly drifted lower in the session.
- At these levels gold seems to have little impetus to break higher hovering
just below the highest level since November 2016 ($1,294.39).
- MNI technical analysis sees support at $1281.1 low Aug 17, resistance is seen
at $1292.0 high Aug 11.
Energy BulletsCommodities
Energy BulletsCommodities

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.