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U.S. CPI Eyed As Gold Coils

GOLD

Gold has meandered through the early rounds of trade this week, with spot continuing to print around $1,790/oz. That leaves the technical overlay as it was, with firm support at the Aug 19 low ($1,774.5/oz), while firm resistance is located at the July 15 high ($1,834.1/oz). Tuesday's U.S. CPI print provides the next notable input for participants.

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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