Gold prices aim for back-to-back gain as dollar and bond yields retreat

  • Summary:


    Gold futures on Thursday headed for their highest close in about a week, extending a climb from Wednesday following the completion of the first stage in a trade pact between the U.S. and China.

    “The recovery to this threshold is positive for gold, as it’s showing a healthy appetite for bullion, despite the general risk-on scenario which has followed the signing of the Phase One deal between US and China,” wrote Carlo Alberto De Casa, chief analyst at ActivTrades in a daily research note.

    Gold for February delivery GCG20, -0.05%  on Comex edged up $3.30, or 0.2%, at $1,556.80 an ounce, after the metal settled 0.6% higher a day ago. Gold is on pace for its best gain since Jan. 10, according to FactSet data.

    March silver SIH20, -0.07%, meanwhile, picked up 4 cents, or 0.2%, at $18.02 ...



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