Gold Futures Trading Higher

February Gold futures are trading higher by $16.40 at $1066 in Friday's session. On Thursday it came within $1.40 of multi-year low ($1045.40), reaching $1046.80 then rebounding to end Thursday's session at $1049.66. Off the open, it immediately found support above the close at $1050 and continued to rally. So far, it has found intra-day resistance ahead of Thursday's high ($1072.70), only reaching $1071 and has fallen back into the mid-$1060 handle.