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The yellow metal slipped in Asia-Pac trade on Thursday after jumping in the wake of US CPI data. Gold rose from intraday lows of $1758.03 before jumping to highs of $1796.25, last trading down $3.11 at $1789.84. Support now seen at $1781.4/87.4 - High Oct 8 / High Sep 22 and key resistance while next resistance is at $1808.7 - High Sep 14. Markets look ahead to speeches from Fed's Bullard and Bostic after the FOMC minutes yesterday showed that tapering could be on the table as soon as November.
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