Free Trial

Gold pushed a few cents above $1,335/oz,.......>

GOLD: Gold pushed a few cents above $1,335/oz, trading up $6 in Asia-Pacific
spot dealing.
- A weaker dollar, in front of today's US CPI data, and lower treasury yields
saw the yellow metal move towards initial resistance at $1,339/oz, which
represents old support from Feb 9.
- Gold continues to benefit from the pullback in US yields as we edge ever
closer to 2.80% in the 10-Year space, after a brief run towards 2.90% earlier
this week. Bulls need a close above the 21-DMA to shift focus back to 2018 highs
and above $1374.9 to confirm focus on $1391.8-1433.3.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story



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.