Free Trial

Price is marginally higher on Friday from......>

GOLD
GOLD: Price is marginally higher on Friday from yesterday's close ($1275.01) as
US Tsys yields slipped and NY opens. Today's focus will be on the tax reform
bill, which could lead to some movement in the bullion.
-Price fell to intra-day lows of $1273.16 as the dollar gained. Next area of
support for the yellow metal is visible at $1269.9 (Nov 14 low).
-In reaction to Flynn pleading guilty to lying to the FBI and saying he will
testify against President Trump over the Russian probe. The market has turned a
risk off move, with the price spiking from $1274.20 to session highs of
$1289.35. The price met supply before falling back towards $1280 towards the NY
close.

To read the full story

Close

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.