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Gold Price Futures Technical Analysis – Trade Through $1564.20 Shifts Momentum to Upside
Gold futures are edging higher on Monday on light trading volume after a missile attack in Yemen over the weekend fanned geopolitical concerns and boosted the metal’s safe-haven appeal, while buying ahead of the Year also lent support. However, a stronger U.S. Dollar is helping to cap gains. Trading volumes were low with U.S. markets closed for a bank holiday. At 11:14 GMT, February Comex gold is trading $1559.80, down $0.50 or -0.03%. In other news, speculators cut their bullish positions in COMEX gold contracts in the week to January 14, data showed. The main trend is up according to the daily swing chart, ... (full story)