Free Trial

Multi-Month Lows Lodged In Asia Hours

GOLD

Bullion moved to the lowest level seen since June during Asia-Pac hours as the USD ticked higher, although it was unclear which was leading which. Spot printed as low as $1,707.2/oz, before recovering from worst levels, last -$11/oz at ~$1,714/oz. U.S. real yields were little changed after fairly flat net trade on Monday, outside of a marginal uptick for 30s during the first trading session of the week. Bears are now looking to force a challenge of round number support at $1,700/oz.

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.