Gold turns higher in Asia after earlier dip

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Adam Button

4 hours ago

A good sign for the gold bulls

Gold has erased earlier losses in Asia and is now trading $6 higher to $4100.

This is a good sign for gold bulls as both tests of $4000 held yesterday and now we've gotten through the Asia-opening hours that saw heavy selling yesterday.

The climb back above $4100 is a good sign and any close above that in the day ahead would be good news for the bulls. However I think it would take a rise back above yesterday's intraday high of $4161 to create some FOMO.

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