Spot gold prices are trading in marginal positive territory Friday after closing around unchanged levels during the previous session. Spot gold prices ended Thursday’s session $1.80 lower at $1768.60 a troy ounce, with prices recovering from lows of around $1756/oz. Some additional weak US data gave prices a boost for the afternoon session, with the recovery moderately extending during Asian traded hours this morning. Spot gold has picked up from lows of $1766.90 to edge higher to an intra-day high of $1773.75 a troy ounce amid a weaker showing from the US dollar so far this morning. Spot gold now trades at $1771.70/oz, up $3.10 on the session. Metals brokers report no significant flow of activity so far.
EasyForexNews Research Team