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Gold futures climb a day after settling at a more than 3-week low

gold-futures-climb-a-day-after-settling-at-a-more-than-3-week-low

Gold futures climbed on Thursday, finding support from a pullback in the U.S. dollar to edge up from the more than three-week low they finished at a day earlier. “It looks like a matter of when will gold break the September lows, but for now it is stabilizing as it seems it will need a fresh catalyst to send prices below the psychological $1,600 level,” said Edward Moya, senior market analyst at OANDA. Gold for December delivery GCZ22, -0.26% rose $2.60, or 0.2%, to settle at $1,636.80 an ounce on Comex.

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