Gold Price Futures (GC) Technical Analysis – Trader Reaction to $1770.40 Sets the Early Tone on Thursday
Add to Bookmarks Gold futures finished higher on Wednesday despite a stronger U.S. Dollar. Lower Treasury yields may have provided some support. The choppy price action may have been fueled by position-squaring ahead of Friday’s U.S. Non-Farm Payrolls report. A strong jobs report could confirm the Fed’s hawkish tone in its last policy statement, which would weigh on gold prices. At 20:52 GMT, August Comex gold is trading $1770.10, up $6.50 or +0.37%. Advertisement Start Trading Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can af...