Free Trial

The yellow metal has started the week on the...>

GOLD
GOLD: The yellow metal has started the week on the back foot, despite the
downtick in global equity benchmarks, as the yellow metal's recent tumult
continues.
- Bullion traders are likely exercising a degree of caution ahead of this week's
deluge of central bank meetings.
- Bears took comfort in the topside failure around the 200-WMA ($1234) at the
start of the new week, failure to trouble YtD lows is less than ideal for their
cause with daily studies correcting from oversold levels, although bulls still
need a close above $1236.6 to gain breathing room.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

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.