Gold traded near a four-month high on Monday, as investors looked ahead
to Thursday's meeting of the European Central Bank, amid speculation it
will launch a government bond-buying program.
On the Comex division of the New York Mercantile Exchange, gold futures for February delivery dipped $1.30, or 0.1%, to trade at $1,275.60 a troy ounce during European morning hours.
Prices held in a tight range between $1,274.90 and $1,281.90. Trade volumes were expected to remain light on Monday, with U.S. markets closed for a holiday.
On Friday, gold hit $1,282.40, the most since September 2, before settling at $1,276.90, up $12.10, or 0.96%.
Futures were likely to find support at $1,255.20, the low from January 16, and resistance at $1,290.90, the high from September 2.
Read more Click Here / www.trade4x.net
On the Comex division of the New York Mercantile Exchange, gold futures for February delivery dipped $1.30, or 0.1%, to trade at $1,275.60 a troy ounce during European morning hours.
Prices held in a tight range between $1,274.90 and $1,281.90. Trade volumes were expected to remain light on Monday, with U.S. markets closed for a holiday.
On Friday, gold hit $1,282.40, the most since September 2, before settling at $1,276.90, up $12.10, or 0.96%.
Futures were likely to find support at $1,255.20, the low from January 16, and resistance at $1,290.90, the high from September 2.
Read more Click Here / www.trade4x.net
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