Gold ticks higher, aiming for 4-day winning streak as dollar pulls back

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MarketWatch

Gold finishes up about 1% Tuesday, book highest close in 2 weeks

Gold futures closed higher Tuesday, scoring a fourth straight session of gains, as weaker U.S. economic data rattled the stock market and put a shine back on the precious metal. Gold for June delivery added $17.60, or 1%, to settle at $1,865.40 an once on Comex. “Gold should remain supported as inflationary pressures weigh further, China’s COVID situation remains a big unknown, and corporate America continues to slash outlooks,” said Edward Moya, senior market analyst in the Americas at Oanda. G

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