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Gold futures end higher, lifted by a pullback in the dollar and Treasury yields

gold-futures-end-higher,-lifted-by-a-pullback-in-the-dollar-and-treasury-yields

Gold futures ended higher on Tuesday, buoyed by weakness in the U.S. dollar index and a pullback in Treasury yields. “Thanks to the recent weakness in bond yields and U.S. dollar, gold has been able to find some relief,” said Fawad Razaqzada, market analyst at City Index and FOREX.com. “However, compared to the recovery we have seen in Western stock indices, the precious metal has clearly under performed.” The key question for gold investors is “whether bonds will resume their sell-off, with three major central banks set to decide on monetary policy this week and more next,” said Razaqzada. Gold for December delivery GCZ22, +0.26% rose $3.90, or 0.2%, to settle at $1,658 an ounce on Comex.

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