Free Trial

Through Resistance

GOLD

Lower U.S. real yields and the DXY's retest of Wednesday's Asia-Pac lows have supported gold since a blip lower in early NY trade on Wednesday, with bullion now trading around the $1,870/oz mark. Consolidation above the 50-EMA will allow bulls to focus on mounting a challenge of the psychological $1,900/oz level.

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.