Where Is Gold Going Next?

Gold eased on Tuesday after comments from a Federal Reserve policymaker on monetary stimulus and well-received U.S. data lifted the U.S. dollar, but prices held in a range as traders turned their attention to the December Comex options expiry.

Gold Swiss Banks
Sebastian Derungs | AFP | Getty Images

The dollar extended gains against a currency basket after October durable goods orders came in unchanged, having earlier recovered from one-month lows after Fed policymaker Richard Fisher voiced concern over easing measures.

Spot gold was down 0.1 percent at $1,746.30 an ounce, having earlier touched a session high at $1,751.40. U.S. gold was down $3.40 at $1,746.20.

That said, where is gold going next? Vote now in our "Futures Now" poll!

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