MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 FRI VS 7.1321

MNI BRIEF: Treasury's Yellen: Inflation Moving To Fed's Target

MNI BRIEF: China State Planner To Increase Trade-in Support

Japan Tokyo Jul Core CPI +2.2% Y/Y

MNI BRIEF: Japan July Tokyo Core CPI Rises 2.2% Vs. June's 2.1%

MNI JAPAN JULY TOKYO CORE CPI +2.2% Y/Y; JUNE +2.1%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

The yellow metal opened in NY at the...........>

GOLD
GOLD: The yellow metal opened in NY at the $1278.20 level and was relatively
muted for the first hour of the session until a Politico source story saying
that "Yellen was out of the race" BBG. The price dropped to fresh session lows
of $1272.74 before bouncing in reaction to another Politico senior source saying
"its not safe to assume Fed nominations just down to Taylor and Powell, Trump
changes his mind everyday"
A sharp spike in bullion, following the USD coming under pressure across the
board and US tsys yields dropping sharply witnessed the rate jump from $1275.61
to $1279.90 before losing momentum and slipping back.
The precious metal came under renewed pressure, following broad based
dollar demand, in reaction to the US house clearing the way for the Republican
tax bill. The price fell to session lows of $1271.96.
The USD gained more ground towards the NY close, with the PM breaking the
resistance at $1270.00 and printing 3 week lows of $1266.64.
Energy BulletsCommodities
Energy BulletsCommodities

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.