Gold continues to trade in a narrow and defined range with dollar strength or weakness defining the majority of the net price change on any given day.

Although gold is trading well off of its intraday high, the sun colored metal was able to hold onto fractional gains throughout the trading session.

Although gains for this week in gold pricing were fractional, nonetheless it closed above its open on Monday. This creates a green candlestick on a weekly chart, and now for the fourth consecutive week we have seen gold close with weekly gains.