Gold prices rallied Wednesday after U.S. inflation data met market expectations, gaining for a fourth straight session to settle at $2,756.70 an ounce on Comex — the highest level since Oct. 30, the ...
Comex gold futures were resuming a bullish trajectory, based on the daily chart, RHB Retail Research said, after futures closed above the 50-day simple moving average.
CME Group's introduction of a 1-ounce gold futures contract aims to meet surging retail demand but raises questions about the dominance of paper gold and its impact on the physical bullion market.