above $900 at $902 in New York. The yellow metal

firmed to $906 in Asian trade on U.S. rate cut speculation,

with interest rate futures pricing in a 34% probability

of a further 75bps Fed cut and 66% probability for a

50bps cut. This prompted some fund buying interest but

upside was capped by producer selling. There is further

upside potential for gold, given the looming Fed rate cut

and contagion from platinum’s strong gains. $895 is a

critical support level. A break below $895 could see

$887, and possibly $869, coming into play. Resistance is

seen at $913, with secondary resistance at $923. A

break higher might see gold test $940.