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The yellow metal has operated < $1,230/oz......>

GOLD
GOLD: The yellow metal has operated < $1,230/oz overnight as trade war concerns
eased, although it has managed to edge ever so slightly higher, last trading at
$1,228/oz in spot dealing.
- Time spent above the 21-DMA has been brief with the correction lower Wednesday
leaving gold looking a little heavy. Bears now look for a close below $1312.9 to
confirm a return in focus to $1288.12-1302.5 where 100 & 200-DMAs are situated.
Bulls continue to look for a close above $1351.3 to initially focus on
$1367.3-1374.9 where 2016 highs are noted. Daily studies are well placed for
gains.
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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