Free Trial
US TSY FUTURES

BLOCK, 10Y Sale

EUROPEAN PARLIAMENT

Belgian Police Arrest Another MEP In Corruption Probe

US TSY FUTURES

BLOCK, Large 5Y Buy

LNG

Actual/Forecast LNG Exports by Country

MNI EXCLUSIVE

Former Fed Officials On Rate Path

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

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

GOLD
GOLD: Gold is lower in Asia-Pac trade, the yellow metal last down $2.82 at
$1,330.57. The drop in the session today pales in comparison to the decline on
Friday after the strong US NFP print, the decline from around $1,350 was the
biggest one day decline in 2 months.
- Data on Friday showed that long positions in gold rose to their highest levels
since September in the latest week.
- MNI technical analysis sees support at $1327.1 - Low Feb 2, resistance is seen
at $1336.9 - Hourly resistance Feb 2. The failure to break back above $1352.3
last week left gold looking heavy and resulted in a marginal close below the
21-DMA ($1335.2) Friday adding weight to the case for a test of $1302.5-1305.6.
Layers of resistance are accumulating and weighing with bulls needing a close
above $1252.3 to regain the upper hand and above $1374.9 to confirm focus on
$1391.8-1433.3.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.