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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 AccessPrecious Gold is extending losses made on......>
GOLD: Precious Gold is extending losses made on the overnight, last at $1269.76.
President Trump, during his trip to Japan this weekend, made strong statements
aimed at N. Korea and Kim Jong-Un's regime, contributing to already rising
tensions, he said after surveying the Japanese troops, "Together with our
allies, America's warriors are prepared to defend our nation using the full
range of our unmatched capabilities."
- On the overnight Gold dropped after the probability of a Dec rate hike rose
(to 92.3% on Bloomberg,) mixed payrolls data showed a lower than anticipated
+261k jobs in October as effects of hurricane season showed reversal, Wall
Street Indices closed higher and the dollar remained strong.
- MNI technical analysis sees support at $1265.2 - Low Nov 3 and resistance at
$1284.1 - High Nov 2. Hesitation ahead of the 200-DMA continues which is less
than ideal for bears although failures around the 21-DMA ($1281.2) provide bears
comfort and retain focus on $1243.8-1251.4 where the channel base is noted.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.