Free Trial

*** Gold puking lower XAU was over -14.0.......>

GOLD
GOLD: *** Gold puking lower XAU was over -14.0 lower, currently -12.65 at
1263.45. Remember last week about same time was $1B nominal seller that dropped
gold unexpectedly. The joke at time was  allocation out of precious metal into
Bitcoin -- currently trading 11,700 on Coinbase after topping 11800.0 earlier in
session. Sources remind timing of last week's sell-off coincided with chatter
over large mid-East/Saudi acct cashing in. The latest move certainly does NOT
appear related to a relatively small blip higher in US$.

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.