Investing.com - Gold prices rose in early Asian trade on Friday, lifted by a slightly weaker dollar and prospects for a solid holiday shopping season.
On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,244.60 a troy ounce, up 0.25%, with the contract settling 0.29% lower on Wednesday to end at USD1,237.90 a troy ounce. Comex gold fell to a four-and-a-half-month low of USD1,226.40 a troy ounce on Nov. 25.
Trade volumes were light on Thursday, with Comex floor trading scheduled to remain closed for Thanksgiving. An abbreviated session was slated for Friday.
The U.S. dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, traded at 80.63, down 0.12%.
On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,244.60 a troy ounce, up 0.25%, with the contract settling 0.29% lower on Wednesday to end at USD1,237.90 a troy ounce. Comex gold fell to a four-and-a-half-month low of USD1,226.40 a troy ounce on Nov. 25.
Trade volumes were light on Thursday, with Comex floor trading scheduled to remain closed for Thanksgiving. An abbreviated session was slated for Friday.
The U.S. dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, traded at 80.63, down 0.12%.