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