Gold futures had respectable gains in New York trading today. The most active April 2022 contract gained $14.20 and as of 4:47 PM, EST is currently fixed at $1822.

Volatility continues to be a prominent factor in gold pricing today. The volatility revolved around the release of the Labor Department’s jobs report for January. Earlier this week ADP released its private-sector jobs report.

Dollar weakness provided strong tailwinds today, but bearish market sentiment neutralized any price gain. The net result was a mild downtick in gold futures and only a fractional decline in Spot or Forex gold.