Gold futures climbed on Tuesday to mark a sixth consecutive settlement above $2,000 an ounce. Recent price action “re-confirms that the $2,000 psychological level remains a pivotal point for bulls and bears,” said Lukman Otunuga, manager, market analysis at FXTM. “Expect the pending economic reports and risk events to influence whether gold concludes the week above or below this level.” The March reading for the U.S. consumer price index is due out Wednesday. Gold for June delivery GCM23 rose $15.20, or 0.8%, to settle at $2,019 an ounce on Comex.
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