Gold Futures Keep On Rallying

April Gold futures are trading higher by $13.30 at $1154.70 per ounce in Thursday's session. It is trading higher for the third day in a row and for the fourth time in its last five sessions.

After a higher open, it retreated and found support under Wednesday's close ($1141.30), reaching $1139.70 before turning higher. The ensuing rally took the bullion to $1157.30 before falling back to its current level.

That marks the highest level for the rolling front-month contract since it peaked on October 29 at $1162.60.