Gold prices eye first gain in 3 sessions as U.S. dollar weakens

Gold & Silver


Gold futures mark first gain in 3 sessions

Gold futures settled higher on Tuesday for the first time in three sessions, as weakness in the U.S. dollar helped fuel demand for the precious metal. The market seemed realize that the Federal Reserve’s minutes from the September meeting, released last week, were “leaning a little too aggressively to the hawkish side,” wrote Peter Grant, vice president at Zaner, in a recent newsletter. “This prompted some liquidation of long dollar positions, as well as short Treasurys and gold bets,” he said.

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