: Gold futures end higher to recoup some of their recent loss
Gold futures finished higher on Tuesday, with prices recouping most of what they lost a day earlier. The factor that “matters the most” is the Federal Reserve’s stance towards its monetary policy, said Naeem Aslam, chief market analyst at AvaTrade. A strong U.S. jobs number, due out Friday, could make the Fed think about its monetary policy, he said. The central bank “could adopt an ultra-hawkish monetary policy like before but so far, “the hope…is that the Fed will slow the roll in terms of increasing the interest rate.” Gold for February delivery GCG23 rose $8.40, or 0.5%, to settle at $1,763.70 an ounce on Comex after losing 0.8% on Monday.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.