Gold is trading slightly higher shortly after the regular session opening, but giving back its earlier gains. There was some follow-through to the upside earlier in the session following yesterday’s strong rebound rally. However, upside momentum dried up when the U.S. Dollar firmed. Traders are also watching the direction of U.S. Treasury yields and appetite for risk. At 1335 GMT, February Comex gold futures are trading $1293.00, up $1.00 or +0.07%. Volume and volatility are a little tight so far this session. This could be position-squaring ahead of a speech by Fed Chair Jerome Powell at 1745 GMT. At this time, the ... (full story)