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Gold futures settle back above $1,800 for first time in nearly a week

31313 gold futures settle back above 1800 for first time in nearly a week

Gold prices settled higher on Tuesday for a second straight session, above the $1,800 mark for the first time in almost a week. “Gold continues to be pulled back and forth because of the ebb and flow of the U.S. bond market, as well as the strength of the U.S. dollar,” said Michael Hewson, chief market analyst at CMC Markets UK. However, weakness in the currency markets Tuesday appeared to help support gold, he said. April gold GCJ22, +0.32% rose $5.10, or 0.3%, to settle at $1,801.50 an ounce. That was the highest most-active contract finish since Jan. 26, FactSet data show.

Source: Marketwatch

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