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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 AccessPressured By The Greenback
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.
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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.