UK Mar Goods Trade Balance improves to £-9.056B vs £-9.165B (Feb)

Gold pushed slightly lower yesterday, however this remains confined within the same trading range among 1440.00-1485.00. Indeed, with all the action surrounding the Japanese yen, the yellow metal has played second fiddle. In these moments, the price of gold is trading at USD $1456.84 per oz., falling into negative territory on the day after a slight retreat during the European session. A breakout of this trading range is ultimately required to speculate on the next potential direction.