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

GOLD: Gold is lower in Asia-Pac trade, the yellow metal last down $2.17 at

$1,289.95. At these levels gold is still around $9/oz higher than yesterday's

open, the yellow metal rose throughout the session yesterday ahead of the FOMC

minutes. Gold built on these gains after a dovish set of minutes that kept a

December hike on the table, but highlighted concerns around inflation. The USD

weakened during the session, and the minutes heaped extra pressure on the green

back. DXY last trades at 93.195 from around 93.95 at the start of European trade

on Wednesday. Trade is thin due to Thanksgiving Holiday.

- Gold was also supported by weaker than expected Durable Goods Orders data

yesterday. The headline figure fell 1.2% compared with a 0.3% gain, this data

sparked the initial risk off move that helped underpin gold.

- MNI technical analysis sees support at $1286.6 - Hourly support Nov 22,

resistance is seen at $1297.0 - Hourly Nov 17. ulls take comfort in the bounce

from $1274.9 with pressure back on $1297.0. Bulls continue to look for a close

above $1297.0 to confirm a break of the 55-DMA ($1288.6) and confirm focus on

$1306.0-1320.0.