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Holding Below $1,800/oz

GOLD

Gold has stuck to a narrow range in Asia, with spot last dealing little changed, just above $1,790/oz. Wednesday saw an incremental breach of Tuesday's low, but gold never threatened to test key support in the form of the Nov 3 low ($1,759.0/oz), with our weighted U.S. real yield monitor pulling back from best levels of the day (as the cash Tsy curve twist flattened), allowing bullion to recover from worst levels, while consolidating below the $1,800/oz marker. A quick reminder that broader markets will be thinned out for the remainder of the week, owing to the Thanksgiving holiday in the U.S.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
Energy BulletsCommodities
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
Energy BulletsCommodities

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