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Testing $1,900/oz

GOLD

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 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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