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Gold is higher in Asia-Pac trade, the yellow...>

GOLD
GOLD: Gold is higher in Asia-Pac trade, the yellow metal last up $4.30 at
$1,282.88 just off session highs. Gold dipped towards the end of the US session
on the news that the US House had passed tax legislation and boosted optimism
for corporate tax cuts. After opening Asia at $1,278.72 safe haven flows quickly
saw gold rise as reports that Special Counsel Mueller has issued a subpoena for
Russia related documents from Trump campaign officials. Risk off sentiment was
further spurred by reports that North Korea could be nearing a submarine capable
of firing ballistic missiles. DXY took a hit on the headlines and last trades
down 0.328 at 93.599.
- Gold is up 0.60% on a 5-day basis and on track for its second consecutive
weekly gain.
- MNI technical analysis sees support at $1273.8 Hourly support, resistance is
seen at $1289.9 61.8% Fibo of $1306.1-$1263.8.
Energy BulletsCommodities
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