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Gold futures post first gain in 3 sessions

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Gold futures settled higher Tuesday, marking their first gain in three sessions after settling at their lowest since April 2020 on Monday. “This is hardly a rally and more likely a temporary bounce as selling pressure takes a break,” said Edward Moya, senior market analyst at OANDA. “Gold won’t bottom out until Wall Street feels they have a firm handle on how rates will go and right now, it seems rates will need to quickly get above current CPI levels.” December gold GCZ22, +0.26% rose $2.80, or 0.2%, to settle at $1,636.20 an ounce on Comex.

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