market talk

Spot gold appears to be capped by resistance at
$1,763/oz for now, meaning risk in the near term is for a pullback, says
Commerzbank technical analyst Karen Jones. "The uptrend channel line has been
eroded and we must allow for slippage to the $1,681.95-$1,666.60/oz support
area," she says. A fall back toward the market's 200-day moving average at
$1,659/oz could also be possible, she adds. Spot gold down $4.83 at
$1,717.10/oz.