Free Trial

Technicals Continue To Dominate

GOLD

Monday’s pullback from session highs in U.S. real yields, coupled with a similar pullback in the DXY index, allowed spot gold to tick away from technical support, with familiar lines in the sand remaining in place. Spot hovers around $1,805/oz, adding a handful of dollars during Asia Pac hours. Broader focus is on Wednesday’s U.S. CPI print, with Fed Chair Powell’s Tuesday testimony set to provide a point of interest in the interim.

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.