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Free Access### The precious metal continues to feel.......>
GOLD: ### The precious metal continues to feel pressure following hawkish
comments from the Fed's Yellen. Initially the dollar was leading gold however
traders are now saying that has switched as investors have been caught off guard
by the move today.
- The demand for gold after the North Korean missile test yesterday evening has
been somewhat of a surprise, an even bigger surprise has been that gold fell to
an intra-day low of $1282.12 with very little pullback.
- Traders have noted that the precious metal felt very uncomfortable close to
the $1300 psychological level, where solid resistance has been reported and
perhaps Bitcoin is better favored as a safe haven, with the cyber currency
printing record highs of $11,434.00 before fading.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.