12 hours ago

Gold Rises; Prices May Remain Volatile

Gold rises in early Asian trade. In the near term, precious metals could see more volatile price action, with whipsaw moves likely to be driven by positioning and thin liquidity rather than a fundamental narrative, Sucden Financial writes in a note.

There is some scope for additional consolidation or profit-taking before seeing a clearer direction in January, as participation normalizes, it adds.

Spot gold is 0.6% higher at $4,355.86/oz.