United Kingdom Mar Manufacturing Production (MoM) rises to 1.1% vs 0.7% (Feb)

Gold prices faced intraday weakness again, following a slight weakness below the 1456 Gold prices have been spared a sweeping movement thus far Thursday, ahead of the BoE decision later today at 11:00 GMT. After recording early gains at the 1474 level, the yellow metal has retreated slightly and eased back to USD $1470.22 per oz. in these moments. Gold ultimately maintains the rebound after testing the bottom of sideways range at 1440.00 support, approaching the top of the range near 1485.00. A breakout of this range should signal the next potential short-term direction.