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US EURODLR FUTURES

Post-LIBOR Settle Update

BOND SUMMARY

EGB/GILT: Reversing Early Losses

SWITZERLAND

CHF LIBOR FIX - 22-06-2021

Looking To $1,900/oz

GOLD

Gold is marginally softer on the day, last trading a touch above $1,880/oz.

  • The DXY has edged away from its newly minted cycle lows during Asia-Pac hours, which has applied very modest pressure to bullion after spot failed to challenge $1,900/oz on Thursday. A reminder that the pullback from intraday lows for U.S. real yields allowed gold to move off best levels of the day on Thursday. A softer USD and lower U.S. real yields had provided support for bullion in early U.S. trade.
  • Bulls now look to clear psychological resistance in the form of the $1,900/oz mark to open the way higher.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com