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TDUX
Aug 19 - 09:55 PM

Gold - USD/THB Slumps As USD Sinks, Gold Rally

By Catherine Tan  —  Aug 19 - 08:39 PM

• USD/THB opens lower, broad USD fall and rally in gold prices weigh

• USD and UST yields tank after Treasury doubles 10/20-yr buybacks

• 10yr UST yield -6bps to 4.64%, 30yr last at 5.18%

• DXY last at 98.82, ranged 98.76-99.69 overnight

• USD/THB traded 32.84-33.08 range in NY, closed at 32.91

• Supports at 3280, 32.60; resistance at 33.0, 33.20

• Oil prices up on escalating tensions in the ME, Brent last $91.85/bbl

• Spot gold rose 4.05% to $4,508.64 an ounce overnight, last at $4510/oz

• Related
THB=


(Catherine Tan is a Reuters market analyst. The views expressed are her own.)

Source:
London Stock Exchange Group | Thomson Reuters

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