Gold futures resume rise Thursday to deepen finish above key price at $1,800/oz.

gold-futures-resume-rise-thursday-to-deepen-finish-above-key-price-at-$1,800/oz.

Gold futures on Thursday finished higher, pivoting upward despite gains in the U.S. dollar and a rally in stocks that took the Dow Jones Industrial Average DJIA, -0.25% and the S&P 500 SPX, -0.30% to intraday records, amid a continued downshift in omicron concerns. A retreat in Treasury yields TMUBMUSD10Y, 1.510% limited the early downward tug for bullion and investors stepped in as the session progressed to deepen the commodity’s climb above a psychologically significant price at $1,800. February gold GCG22, +0.26% GC00, +0.26% traded $8.30, or 0.5%, higher to settle at $1,814.10 an ounce.

Source: Marketwatch

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