Free Trial

Spot Back Above $1,800/oz

GOLD

The combination of a pullback from the recent highs in the DXY and our weighted U.S. real yield monitor supported bullion on Monday, allowing spot gold to trade back above $1,800/oz, where it has consolidated overnight. The overarching technical picture remains little changed, with key resistance still located at the July 15 high ($1,834.1/oz). Fed Chair Powell's (virtual) address at the annual Jackson Hole symposium provides the key immediate event for participants later this week.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.