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Marginally Lower To Start The Week


Gold remains comfortably within the confines of the recently established range, with spot dealing a handful of dollars lower in Asia-Pac hours, printing just above $1,785/oz at typing. Last week saw bullion print at the highest level witnessed since November, briefly topping $1,850/oz, before the hawkish reaction to Fed Chair Powell’s post-FOMC press conference saw gold finish the week ~$60/oz shy of Tuesday’s high. Technicals remain well-defined, in line with those portrayed at the backend of last week.

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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