Gold futures advanced on Tuesday as the most-active futures contract was on track to settle above the $2,000 level for the sixth straight session as a softer...
Gold futures advanced on Tuesday with the most-active futures contract on track to settle above the $2,000 level for the sixth straight session as a softer U.S. dollar and lower Treasury yields lent a boost to the yellow metal.
Price actionMarket drivers Several factors are helping to bolster gold and silver prices, including a weaker U.S. dollar, signs of cooling inflation in China, and commentary from the International Monetary Fund that higher interest rates are transitory, according to Jim Wyckoff, senior... Gold futures advanced on Tuesday with the most-active futures contract on track to settle above the $2,000 level for the sixth straight session as a softer U.S.
Price action Market drivers Several factors are helping to bolster gold and silver prices, including a weaker U.S. dollar, signs of cooling inflation in China, and commentary from the International Monetary Fund that higher interest rates are transitory, according to Jim Wyckoff, senior analyst at Kitco.com.
“Technically, the gold futures bulls have the solid overall near-term technical advantage,” Wyckoff said. The ICE U.S. Dollar Index DXY , a gauge of the greenback’s strength against a basket of rivals, was down 0.4% at 102.
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