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Gold futures settle with a modest gain

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Gold futures ended with a modest gain, up a second straight session Wednesday. “Gold’s slide might not be over, but no one wants to aggressively be short right now,” said Edward Moya, senior market analyst at OANDA. “Gold is forming its pre-Jackson Hole range and it looks like it could be the $1,740 to $1,780 zone.” After the Jackson Hole economic symposium, “traders should know enough as to whether the rise in [Treasury] yields continue, and that will dictate what happens with gold,” he said. December gold GCZ22, +0.21% edged up by 30 cents, or 0.02%, to settle at $1,761.50 an ounce.

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