Gold futures end higher a day after settling at a nearly 2-week low

gold-futures-end-higher-a-day-after-settling-at-a-nearly-2-week-low

Gold futures rose Tuesday, recouping some of the losses a day earlier that brought prices to their lowest finish in almost two weeks. A sharp rise in Treasury yields which begins to drive real interest rates higher is a “major risk to the gold market,” analysts at Sevens Report Research wrote in Tuesday’s newsletter. For now, however, the near-term rally for gold remains “intact” with support between $1,775 and $1,800, they said. February gold GCG22, +0.86% rose $14.50, or 0.8%, to settle at $1,814.60 an ounce, recovering just over half of Monday’s 1.6% loss.

Source: Marketwatch

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