Gold Futures Dip in Holiday Trading

Gold futures on the COMEX are experiencing a slight dip this morning, with the front-month February contract at $4,498.60 per ounce, down $7.10. Most nearby contracts are also showing modest losses, hovering around $4,500. This follows a week of price increases, with todays action reflecting profit-taking in thin holiday trading. Volume is lighter than Tuesday, with estimated total contracts at 115,990. Open interest increased to 498,809 contracts. Later months show a mixed bag, with gains in spots like May and August. Gold remains resilient near these elevated levels, setting the tone for investors eyeing safe-haven demand heading into the new year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.