Free Trial

- In European morning trade the yellow metal...>

GOLD: - In European morning trade the yellow metal recovered from its fresh 3
week lows of $1264.82 printing session highs of $1269.15. As NY arrived there
was a wave of demand for the USD, gold followed suit with a sharp drop to the
$1266.75 level.
-  The release of better than expected US GDP witnessed broad based dollar
demand. Bullion followed, dropping to fresh session lows of $1263.85 before
paring back some of its losses.
- In reaction to reports from BBG sources "that trump is favoring Powell"
witnessed the price spike from $1265.60 to session highs of $1273.04 before
fading. However yesterday White House sources said yesterday that "President
Trump changes his mind every day".

To read the full story



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.