Gold futures finished higher on Tuesday, marking their first gain in three sessions, buoyed by weakness in the U.S. dollar as investors continued to weigh the prospects for Federal Reserve interest-rates hikes. In an interview with Reuters Tuesday, St. Louis Federal Reserve President James Bullard reiterated his call for higher U.S. interest rates to combat inflation and said he doesn’t see a recession taking place anytime soon. Gold for June delivery GCM23 rose $12.70, or 0.6%, to settle at $2,019.70 an ounce on Comex.
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.
