South Korea Producer Price Index Growth down to -0.5% in January from previous -0.2%

Gold resumed its advance this Thursday, with spot around $1,235.00 an ounce by the end of the US session. The bright metal has erased most of its weekly losses, indicating the dominant bullish trend remains firm in place, and that the latest decline has been merely corrective, with higher highs beyond $1,260 at sight.