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Holding Between The Lines

GOLD

Gold continues to trade within the well-defined technical parameters, with spot last dealing little changed around the $1,820/oz mark. Monday saw the yellow metal briefly show below $1,800/oz before the DXY pulled back from fresh multi-month highs, allowing gold to recover. Initial lines in the sand come in the form of the Jul 12 low/key near-term support ($1,791.7/oz) and the July 15 high/bull trigger ($1,834.1/oz). U.S. Tsy yield and USD dynamics remain key, as ever.

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

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