With only one trading day left for the calendar year 2019, gold is benefiting from US dollar weakness and thin holiday volume. Today’s volume in the February contract of gold futures is only 204,993. As of 4:00 PM EST spot gold is currently trading up $3.70 and fixed at $1514.50. These gains are combination of a weak dollar (+ $3.30) and traders bidding the precious yellow metal fractionally higher (+ $0.40), this according to the KGX (Kitco gold Index). Gold futures have been trading fractionally higher and fractionally lower throughout the day. Currently February futures are fixed at $1518, which... Read more
With only one trading day left for the calendar year 2019, gold is benefiting from US dollar weakness and thin holiday volume. Today’s volume in the February contract of gold futures is only 204,993. As of 4:00 PM EST spot gold is currently trading up $3.70 and fixed at $1514.50. These gains are combination of a weak dollar (+ $3.30) and traders bidding the precious yellow metal fractionally higher (+ $0.40), this according to the KGX (Kitco gold Index). Gold futures have been trading fractionally higher and fractionally lower throughout the day. Currently February futures are fixed at $1518, which... Read more
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