Gold futures settled higher on Tuesday for a fourth consecutive session, at their highest settlement in more than two weeks, as traders awaited this week’s Federal Reserve decision for clues on interest rates.
Price action
Market drivers
Gold has largely traded sideways since spring and is off around 0.5% so far in September. It’s seen pressure as Treasury yields advanced and the U.S. dollar strengthened. Higher yields raise the opportunity cost of holding nonyielding assets like gold, while a stronger dollar…
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