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Jobbing The Range

GOLD

Spot last deals a handful of dollars higher at $1,790/oz, sticking to a tight range in Asia-Pac hours. Gold has firmed at the margin over the last 24 hours or so, with our weighted U.S. real yield monitor moving a little lower over that horizon (within the confines of the recent range), while the DXY’s move away from Tuesday’s peak allowed gold to build a base. Familiar technical parameters remain in place, with broader focus on Friday’s U.S. CPI reading.

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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