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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.
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Free AccessThe precious yellow metal followed a decline...>
GOLD: The precious yellow metal followed a decline from the overnight sessions
into Asia after slightly hawkish comments from Fed Yellen who said inflation
uncertainties call for gradual rate moves but hiking too slowly risks an
overheated labour market, investors began to creep away from the safe havens and
gold saw it's lowest levels in 2 weeks at $1289.53 during Asia, since then it
has creeped up last $0.95 to $1294.93 after comments from Trump whereby he said
the U.S is 'totally prepared' for second option of military action on N. Korea
but stated this would be 'devastating.'
- The gold market will now look ahead to the U.S tax reform where tax cuts are
anticipated.
-MNI technical analysis sees support at $1290.1 - Hourly support Sept 27 and
resistance at $1304.6 - Alternating daily support/resistance.
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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.