"Supportive factors for the gold market include the weaker
U.S. dollar index for the past couple of days after gains
earlier this week," said Kitco Metals senior analyst Jim
Wyckoff.
"Limiting the upside is global stock markets that are still
in rally mode and that's just siphoning funds away from the
safe-haven precious metal."
The United Kingdom and European Union have agreed on a trade deal ahead of the Dec. 31 deadline.
The two sides had been embroiled in intense talks since March to establish how commerce will work from January onward.
The trade agreement still has to be ratified by the U.K. and EU parliaments in the coming weeks.
In observance of Christmas, U.S. securities exchanges, Federal Reserve Banks, and most of the nation's banking institutions will be closed on Friday, December 25, 2020. Equity markets will close early, at 1 p.m. ET, on Thursday, December 24