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Precious Metals Nearing Support

GOLD
  • Gold edging to fresh daily lows, with markets taking out 1781.8/1774.5 support. This opens losses toward Aug 13 lows of 1751.7 and - eventually - the bear trigger of 1690.6. Clearance here would confirm a bearish reversal.
  • Yellow metal largely responding to today's USD rally (USD Index higher by 0.2% at pixel time) and is correlating well with stocks, with the e-mini S&P touching daily lows concurrently.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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