Free Trial

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
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.