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Little Changed Overnight

GOLD

Guarded optimism surrounding the threat to life on the part of the omicron COVID strain and the latest round of easing from the PBoC has done little for gold, with bullion sticking to a narrow range early this week. Spot last deals little changed, hovering just shy of the $1,780/oz mark. Familiar technical lines in the sand remain in play, with participants looking ahead to Friday’s U.S. CPI print and next week’s FOMC decision (which headlines a loaded G10 central bank docket ahead of the Christmas break).

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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