: Gold futures log a 4th straight session climb

Gold futures on Wednesday tallied a fourth straight session gain, with prices for the most-active contract settling at their highest since June 10. Analysts at Sevens Report Research said in Wednesday’s newsletter that they have been “eyeing the current rally in gold with caution in recent weeks as the risk of another hawkish surprise, either from economic data or Fed speak, has been on the rise.” However, prices action has become “increasingly favorable and the technical outlook turned bullish with gold ending last year at a six-month high,” they said. Gold for February delivery GCG23 rose $12.90, or 0.7%, to settle at $1,859 an ounce on Comex.

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