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The yellow metal lost $2 overnight to trade....>

GOLD
GOLD: The yellow metal lost $2 overnight to trade at $1329.0, with the modest
pullback attributable to US 10-Year yields briefly topping 3.00%.
Bulls take comfort in support emerging ahead of the 100-DMA ($1319.0) as gold
flirts with the 55-DMA ($1331.1). Bulls now look for a close above $1339.3 to
confirm breaks of the 21- & 55-DMAs. Bears continue to look for a close below
the 100-DMA to shift initial focus towards the 55-WMA ($1291.2), 200-DMA
($1302.6) & March low ($1302.5).
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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