Gold Prices Look to Recoup Some of Their Recent Losses

Gold still seen supported by trade war uncertainty

by Myra P. Saefong and William Watts
Market Watch

Gold futures inched higher Thursday, looking to recoup some of the losses suffered a day earlier, with prices getting a modest boost from weakness in the U.S. stock market ahead of monthly domestic employment data due at the end of the week.

Gold for February delivery GCG20, +0.22% on Comex was up $1.70, or 0.1%, at $1,481.90 an ounce, following a loss of 0.3% on Wednesday. March silver SIH20, +0.85% rose 5.4 cents, or 0.3%, to $16.98 an ounce, on the back of a 1.9% loss a day earlier.

“Traders are awaiting the U.S. economic data point of the week, if not the month: Friday’s employment situation report from the Labor Department,” said Jim Wyckoff, senior analyst at

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