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Gold’s slide puts prices on pace for longest skid in more than 2 months

January 10, 2020

Gold futures traded slightly lower Friday, heading for the longest losing skid in more than two months after the monthly U.S. employment report helped to solidify a rally in equities and away from so-called havens, as Middle East tensions ease.

“Despite the recent US and Iran airstrikes, risk appetite has been largely restored,” wrote Han Tan, market analyst at FXTM in a Friday research note. He said “gold has erased all of its gains to trade below the psychological $1550 level.”

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