Gold futures post a second session gain

Gold futures rose Thursday, extending their gain from a day earlier, even as U.S. benchmark stock indexes traded higher and the dollar strengthened. “Gold prices should remain supported since the coronavirus has not shown any signs of peaking as the death toll and number of infected cases continue to post steady daily increases,” said Edward Moya, senior market analyst at OANDA. April gold GCJ20, +0.47% rose $7.20, or 0.5%, to settle at $1,570 an ounce.

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Ed Moya

Ed Moya

Senior Market Analyst at OANDA
With more than 20 years’ trading experience, Ed Moya is a market analyst with OANDA, producing up-to-the-minute fundamental analysis of geo-political events and monetary policies in the US, Europe, the Middle East and North Africa. Over the course of his career, he has worked with some of the world’s leading forex brokerages and research departments including Global Forex Trading, FX Solutions and Trading Advantage. Most recently he worked with TradeTheNews.com, where he provided market analysis on economic data and corporate news. Based in New York, Ed is a regular guest on several major financial television networks including BNN, CNBC, Fox Business, and Bloomberg. He is often quoted in leading print and online publications such as the Wall Street Journal and the Washington Post. He holds a BA in Economics from Rutgers University. Follow Ed on Twitter @edjmoya ‏
Ed Moya