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Still Coiling Within The Triangle

GOLD

The latest FOMC decision failed to provide anything in the way of a meaningful catalyst for the yellow metal, with bullion continuing to coil within the confines of the recently formed triangle pattern. Familiar drivers and technical parameters remain in play, with spot last dealing around the $1,950/oz mark, a touch firmer on the day.

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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