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Still Not Able To Test Key Resistance

GOLD

*refile to correct label*
Rangebound Asia-Pac trade for bullion leaves spot little changed around the $1,825/oz mark. Monday's downtick in U.S. real yields (driven by a widening in breakevens) leaves our weighted U.S. real yield monitor within touching distance of the all-time lows witnessed earlier this year, with the downtick in the DXY adding further support for gold. Still, a test of key resistance in the form of the Sep 3 high ($1,834.0/oz) hasn't been forthcoming.

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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