Free Trial

Gold rallied sharply earlier in the morning....>

GOLD
GOLD: Gold rallied sharply earlier in the morning but has subsequently erased
most of the gains. Spot currently trades at USD1393 and has gained ~10% from the
May low.
- With the market turning even more dovish with respect to Fed policy rate
expectations, gold prices will remain well supported. 
- Rising global geopolitical risk, particularly the US-Iran escalation, will
bolster safe-haven demand.
- Total known ETF holdings of gold has reached 72.65m t oz, up from 71.25m t oz
at the beginning of June. 

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.