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May 17, 2022, 1:33 p.m. EDT

Gold futures book second straight day of gains

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By Joy Wiltermuth

Gold prices ended higher Tuesday for a second day in a row, with a pullback in the surging dollar helping to lift the yellow metal from its slump. Gold for June delivery /zigman2/quotes/210034565/delayed GC00 +0.15% rose about 0.3%, to settle at $1,818.90 an ounce on Comex, after dipping below the key $1,800-an-ounce threshold in trade a day before. The ICE U.S. Dollar Index /zigman2/quotes/210598269/delayed DXY +1.29% was down 0.8% Tuesday, following its rise to its highest in around 20 years on the back of the Federal Reserve's plans to raise interest rates aggressively this year to help tame high inflation. A stronger dollar can be a drag on commodities priced in the currency, making them more expensive to users of other currencies.

/zigman2/quotes/210034565/delayed
US : U.S.: Nymex
$ 1,766.50
+2.60 +0.15%
Volume: 894.00
July 5, 2022 6:11p
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/zigman2/quotes/210598269/delayed
US : U.S.: ICE Futures U.S.
106.49
+1.35 +1.29%
Volume: 0.00
July 5, 2022 6:05p
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