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Precious Metals Under Modest Pressure in Early US Hours

GOLD
  • Gold coming under some pressure alongside the US open, with spot prices slipping back below the $1,800 handle to expose first support at the 50-day EMA of $1776.1.
  • Recent weakness works against the positive short-term tone after gold cleared resistance at $1800.6, Oct 14 high. A break of $1760.4, the Oct 18 low would alter the picture and suggest scope for a deeper pullback.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Energy BulletsCommodities
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Energy BulletsCommodities

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