Free Trial

Last week saw the biggest weekly fall in the...>

GOLD
GOLD: Last week saw the biggest weekly fall in the spot gold price since March
1983. This morning we opened higher following the coordinated central bank
action headlined by the FOMC's decision to cut its policy rate to a range of
0.00-0.25%.
- On a technical level the trendline drawn off the May 30, 2019 low has been
breached which points to further downside pressures. The focus is on the
psychological $1,500/oz level (the 200-dma also comes in around here).
- At the time of writing we trade at $1,534/oz.

To read the full story

Close

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.