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09-Jan (USAGOLD) — Gold is back on the rise to start the new week. With U.S. Treasuries higher this morning as well, the bid seems to be safe-haven in nature.
The yellow metal is up more than $8, recouping most of Friday’s pullback. Last week’s high at 1185.04 marks intervening resistance ahead of the $1200 level.
Today’s calendar is quite thin with only November consumer credit and the Fed’s LMCI. However, there is a plethora of FedSpeak from Evans, Lacker, Rosengren and Lockhart.
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