The Chicago Entrepreneur

: Gold futures mark back-to-back losses

Gold futures posted a back-to-back loss on Tuesday, settling below the key $2,000 level for a sixth consecutive session. Analysts attributed the weakness in gold prices in part to strength in the U.S. dollar. The “apparent progress on the U.S. debt talks may be prompting some added selling pressure” on the safe-haven gold, said Jim Wyckoff, senior analyst at Kitco.com. Gold for June delivery GCM23 settled at $1,974.50 an ounce on Comex, down $2.70, or 0.1% for the session after a 0.2% loss on Monday.  

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Previous post : Choice Hotels seeks to buy Wyndham Hotels: WSJ
Next post : Ron DeSantis will launch Presidential bid during Twitter chat with Elon Musk