Gold logs 3rd straight gain, holds near 6-year peak
Gold prices on Tuesday settled higher, marking a third straight gain a day after the precious metal extended its rally toward fresh six-year highs, amid escalating trade policy tensions between China and the U.S. December gold trading on Comex added $7.70, or 0.5%, to end at $1,484.20 an ounce. The metal has gained for three straight days and seven of the past eight sessions, holding near its highest level since 2013, according to FactSet data. Bullion has been gaining traction on the back of worries that the U.S.-China tariff conflict won't subside soon. Meanwhile, the Dow Jones Industrial Average and the S&P 500 index were rebounded from their worst session in 2019 but trading off Tuesday's best levels and giving gold some room to rally as investors about slowing growth and trade spats.
Published:8/6/2019 12:58:37 PM