This week’s upside momentum in gold is continuing early Thursday after prices spiked higher on Tuesday under extremely thin trading conditions. Gold is currently trading at its highest level since November 5. Traders said on Tuesday a dip in equity markets and weak U.S. data improved demand for bullion in subdued trading ahead of the Christmas holiday. At 04:22 GMT, February Comex gold is trading $1507.40, up $2.60 or +0.17%. I’m watching the price action in the Treasurys and the Japanese Yen and don’t see anything that suggests safe-haven buying is driving gold prices higher. One report earlier in the week said ... (full story)