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Gold Posts Ninth Gain in Ten Sessions
Precious metals futures registered mostly modest gains Tuesday. Gold climbed for a ninth time in ten sessions, but failed in returning to the fifteen-week high settlement level reached on Friday. Gold for August delivery rose $1.90, or 0.1%, to settle at $1,331.20 an ounce on the Comex division of the New York Mercantile Exchange. "Early selling pressure that was tied to keener trader/investor risk appetite this week gave way to some bargain hunting following recent losses in the yellow metal," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "A slightly lower U.S. dollar index today and U.S. ... (full story)