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TDUX
Apr 22 - 10:55 PM

Gold - USD/THB Bid, Higher Gold Prices May Hinder

By Catherine Tan  —  Apr 22 - 08:45 PM

• USD/THB opens higher, extended rise in DXY and oil prices underpin

• Pair traded amid 32.17-32.28 range in NY, closed at 32.28

• Supports at 32.10, 32.0 intraday, resistance at 32.40, 32.60

• Higher gold prices may hinder gains in pair

• DXY last at 98.56, ranged 98.21-98.64 overnight

• US-Iran truce in doubt after Iran seizes two ships in the Strait of Hormuz

• Stocks end higher on ceasefire relief, Brent crude back above $100

• 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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