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Some Pressure From The Blue Wave Narrative

GOLD

The uptick from lows in U.S. real yields has applied pressure to bullion over the last 24 hours, but bears have failed to force their way below $1,900/oz, with spot last dealing little changed on the day around the $1,920/oz mark. A break below the psychological $1,900/oz level (which has limited significance at present) would have bears looking to the 20-day EMA.

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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