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Still Trading Between The Lines

GOLD

Spot bullion trades a handful of dollars softer on the day at typing, just shy of $1,805/oz.

  • This comes after a couple of brief and shallow forays below Wednesday's low on Thursday. Softer U.S. real yields helped gold firm into the NY close (a well-received round of 10-Year TIPS supply aided that particular dynamic). Still, the July 12 low and key near-term support ($1,791.7/oz) remains unchallenged, leaving the technical overlay unchanged.
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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