Comex gold futures were looking to test resistance at $2,800/oz, with the latest price movements implying that gold bulls remain in the driver’s seat, RHB Retail Research said.

The Bloomberg Commodity Spot Index — which tracks 24 energy, metal and agricultural contracts — rose 6.3% for the year, reversing the decline seen in 2023. A rally of Comex gold futures ...

Comex gold futures’ bullish bias is still perceived as valid, based on the chart, RHB said despite mild selling pressure, however, the relative strength index has begun rounding downward, indicating ...