Free Trial

Gold trades ~$4 softer at $1,305/oz. -.........>

GOLD
GOLD: Gold trades ~$4 softer at $1,305/oz.
- Disappointing U.S. PPI data supported the yellow metal on Wednesday, after it
managed to consolidate above $1,300/oz in yesterday's Asia-Pacific session.
- Bullion trades above its 50-DMA, with bulls looking for a clean break of the
21-DMA & March 1 high. Bears need a move back below the psychological $1,300/oz
level to turn attention back to the downside.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.