Gold futures climbed on Tuesday, settling at their highest in almost three weeks, with prices buoyed by weakness in the U.S. dollar and a decline in Treasury yields ahead of Wednesday’s June U.S. consumer price index reading. “A weak inflation number could help push gold prices back towards their June highs, above $1,950,” said Michael Hewson, chief market analyst at CMC Markets UK. Gold for August delivery
GCQ23,
rose $6.10, or 0.3%, to settle at $1,937.10 an ounce on Comex. That was the highest most-active contract finish since June 21, FactSet data show.
Read the full article here
