Gold futures continued to push higher on the very first trading day of the new year, as traders looked forward to Friday’s essential U.S. tasks report.
Feb. gold was up $4 at $1312 an ounce, the highes in more than four months.
Increased physical demand for the rare-earth element and expectations of easy monetary policy from worldwide reserve banks have given prices a lift.
Gold jumped 14% in 2017, speeding up higher in December as the dollar deteriorated.
The Markit Economics’ Getting Managers’ Production Index for December will be published at 9.45 am ET. The economic experts are searching for agreement of 55.0, up from 53.9 in the prior month.
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