Trial now

BoJ Decision, Japan's Retail Sales Eyed


(Z1) Downside Pressure Resumes

Testing $1,900/oz


Spot gold last deals little changed at $1,895/oz after adding roughly $10/oz on Monday. Our weighted U.S. real yield metric nudged higher on Monday, while the broader DXY softened a touch, providing conflicting inputs for bullion, although the latter has ticked away from Monday's lows. Bulls have ultimately failed to force a fresh, sustained break above $1,900/oz, despite a couple of shallow looks above. The technical picture remains unchanged as a result.

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |