Gold Prices On A Rally

Gold prices jumped this morning especially during the Asian trading hours and are still above $1,480. Presently, Gold trades at 1474.73, which is a minor surge of $0.37 or +0.02% from the previous close of 1474.36.

The daily range is from $1473.67 to 1478.20, while the trading volume is 88.716K.

The yellow metal is still into a steady trend amid the falling USD. In reality, the US Dollar Index Futures lost 0.04% to 97.5 after the US released weaker-than-expected job growth data.

Last month November, nonfarm payrolls soared around just 67k, according to the National Employment data.

The values of the precious metal marked some retreats and slipped from $1,489 a day earlier to the current level. As a matter of fact, Beijing-Washington trade negotiations are still in the main scope of the market.