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Pressured By The Greenback

GOLD

Gold has struggled over the last 24 hours, with bulls hampered by the latest uptick in the DXY, while U.S. real yields are ultimately little changed over that horizon, after unwinding an uptick on Thursday. Spot last deals virtually unchanged, hovering around $1,795/oz, a little above yesterday's low, with yesterday's break lower leaving bears focused on the Dec 1 low at $1,775.9/oz.

  • ETF holdings of gold continue to flat line, with little meaningful movement seen in that particular metric since the pullback from all-time highs stabilised in early December.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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