Gold Futures Lower

February Gold futures are trading lower by $14,30 per ounce at $1072.80 in Thursday's session. After a higher open, the rally stalled just ahead of Wednesday's high ($1095.60), only reaching $1095.40 before turning lower.

The ensuing decline has taken the issue beyond Wednesday's low ($1079.40). At this time, it is attempting to stabilize in the area of its January 5 low ($1071.90), reaching $1071.10 and has rebounded into the $1072 handle.