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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.
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Free AccessMNI US Inflation Insight: Price Pressures Remain Elevated
MNI ANALYSIS: ReArm (or Don't ReArm)
GOLD: Powell’s Caution on Rates Cools Gold’s Rise.
- Having enjoyed a ‘safe haven’ bid yesterday during the South Korean turmoil, Gold took a breather today following Fed Chairman Powell’s Comments.
- Chairman Powell indicated that Fed Officials will ‘move cautiously’ on rates, prior to this week’s non-farm payroll.
- Gold opened the trading day in Asia at US$2,649.90 only to moderate to $2,647.10.
- Tonight, in the US sees Initial Jobless Claims and Continuing Claims, both of which are considered a pre-cursor to the NFP.
- In Europe, the political turmoil currently gripping France could provide support to gold overnight.
To read the full story
Sign up now for free trial access to this content.
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.