Gold futures end at a 3-week high; silver prices at highest since June

Gold futures ended Tuesday at a roughly three-week high, while silver saw prices settled at their highest since late June. If U.S. Treasury yields have “peaked near term along with the dollar, gold and silver can both extend gains and claw back some of the recent losses,” analysts at Sevens Report Research wrote in Tuesday’s newsletter. “However, the current trends in both remain bearish,” they said. Gold for December delivery GCZ22, +1.83% rose $28.50, or 1.7%, to settle at $1,730.50 an ounce on Comex. Prices based on the most-active contract settled at their highest since Sept. 12, FactSet data show. Silver futures also gained, with December silver SIZ22, +2.55% up 51 cents, or 2.5%, to end at $21.099 an ounce, at the highest since June 27.