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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.
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Free AccessInvestors are wildly seeking safe-havens as....>
GOLD: Investors are wildly seeking safe-havens as the climate grows riskier and
riskier, gold is not being overlooked, currently on track for it's first weekly
gain for a month, last up $2.63 at $1296.34 as the dollar weakens. Friday ET,
Pres. Trump will announce his decision on the Iran nuclear deal, he has made it
clear recently that he doesn't believe Iran have stuck to their side of the deal
and believes it is of no interest for the U.S. to keep the deal, U.K. Prime
Minister Theresa May has since urged Pres. Trump to keep the deal for the
purposes of regional security.
- Also in the Asia-Pac gold mining production figures showed a decrease in
production at Seabee mining in the third quarter, perhaps contributing to gains.
- MNI Technical analysis sees support at $1289.6 - Low Oct 12 and resistance at
$1297.3 - High Oct 12, Support layers are building with bears now needing a
close below $1284.5 to confirm an easing of bullish pressure and below $1277.6
to shift focus back to $1243.1-1260.5 where the 200-DMA and bull channel base
are situated. Bulls now need a close above $1297.3 to add support to their case.
To read the full story
Sign up now for free trial access to this content.
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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.