MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI China Daily Summary: Monday, December 9

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Gold Touches New Multi-Month High

COMMODITIES
  • Precious metals remain in favour, with spot gold cresting to touch new multi-month highs at $1823.12 to extend this week's bounce. The 200-dma at $1851.41 remains a key level going forward, and the uptrend will likely face some stiff resistance headed into that level.
  • Contrasting with metals markets, oil trade heavy, with both WTI and Brent crude futures in holding patterns just below yesterday's close. The moves in oil come as a new round of talks between Iran, Russia and the West begins, with all parties committing to 'intensify' the process. Russia claimed that all delegations appear prepared to stay in Vienna for "as long as necessary" to achieve the full restoration of the Iranian deal.
  • Support for WTI undercuts at the May 4 low of $64.29, while Brent eyes the Monday low print of $66.10.
Energy BulletsCommodities
Energy BulletsCommodities

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.