Free Trial

Rebound Stalls Above $2000, As USD Sentiment Stabilizes

GOLD

Gold was firmer in the first part of trading, but ran out of steam above the $2000 level. This also coincided with USD indices finding some support and recovering from session lows. The precious metal was last near $1992, which is only a touch firmer for the session. We were +0.31% for Monday's session.

  • Gold is still broadly following inverse dollar trends, although bullion has lagged somewhat in terms of the recent correction lower in the DXY.
  • Fresh equity market headwinds in the region/lower US futures and a slightly weaker US cash Tsy yield backdrop haven't done much to aid gold sentiment today either.

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.