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March 2, 2021, 1:51 p.m. EST

Gold futures log first gain in 6 sessions

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    Gold Apr 2021 (GCJ21)

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By Myra P. Saefong


Gold futures finished higher on Tuesday, posting a gain for the first time in six sessions. "Gold's beatdown might be over" now that the global outlook might be showing some weak points, said Edward Moya, senior market analyst at Oanda. The global bond market selloff could very well resume, but "central banks are lining up to voice their concern over surging bond yields," he said. If the Federal Reserve "clearly signals they are in agreement with the other central banks, gold could easily get its groove back." April gold /zigman2/quotes/212606756/delayed GCJ21 +0.74% rose $10.60, or 0.6%, to settle at $1,733.60 an ounce. Prices settled Monday at their lowest since June 2020.

US : U.S.: Nymex
$ 1,744.00
+12.80 +0.74%
Volume: 367.00
April 13, 2021 3:05p

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