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Key Support Breached

GOLD

Gold bears managed to push spot through key support in the form of the Nov 30 low in early Asia-Pac trade, as regional participants reacted to Thursday's uptick in U.S. real yields. Spot printed as low as $1,760.7/oz, but has recovered to trade ~$9/oz softer on the day at ~$1,767/oz. The July 2 '20 ($1,757.8/oz) and Jun 26 '20 ($1,747.6/oz) lows represent the next areas of technical support.

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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