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Gold Futures Make New Low For Recent Slide, Attempts To Rebound

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December Gold futures are trading lower by $0.60 at $1068 in Wednesday's session. In after-hours trading on Tuesday, it breached its former low of the move made earlier in the day at ($064.60), reaching $1062 before staging a rebound.

The ensuing rally has taken the contract beyond Tuesday's close ($1068.6), reaching $1071.50. Since making that high it has been attempting reclaim the close but has struggled to do so.

Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.

Do you like this article? Do you have suggestions for improvement? Please email feedback@benzinga.com

Posted-In: Gold Premarket outlookFutures Technicals Commodities Markets Trading Ideas

 

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