October 25, 2022 03:38 GMT
Gold has stuck to ranges from late NY trading during today’s Asia Pac session. We last sat around $1652, slightly up on NY closing levels (+0.15%). This is in line with modest pull back in broader USD sentiment today (BBDXY off -0.16%).
- The high from earlier in the session, near $1655, along with today's low $1647.30 remain within yesterday's ranges though.
- Gold appears comfortable to follow broader USD sentiment for now, lacking a fresh catalyst for a major shift in direction.
- Overnight US real yields edged down 3bps to 1.66%. Nominal yields fell, but more so outside of the US.