Gold futures advanced Tuesday, trying for what would be the fourth positive day in the past five sessions, as the dollar eased and a degree of uncertainty crept into a stock market that’s still holding near record highs.
Gold gained as stock-index futures pointed to a mixed start for Wall Street as investors await the kickoff of a two-day Federal Reserve meeting, as Chinese factory data showed some softening and as a flurry of corporate earnings included less-than-stellar results for Google-parent Alphabet GOOGL,
Moving inversely to gold, the ICE U.S. Dollar Index which tracks the value of the buck against six of its trading rivals, was down 0.1%.
As such, gold for June delivery rose $6.20, or 0.5%, at $1,287.70 an ounce. May silver rose 10 cents, or 0.7%, to $14.95 an ounce. July silver which is now the most-active contract, changed hands at $15.005, up 7 cents, or 0.5%.