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May 23, 2022, 1:42 p.m. EDT

Gold closed higher Monday for third straight session

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By Joy Wiltermuth

Gold futures edged higher Monday, booking a third session in a row of gains for the precious metal, as a soaring dollar pulled back from recent highs. Gold for June delivery /zigman2/quotes/210034565/delayed GC00 +0.22% added $5.70, or 0.3%, to settle at $1,847.80 an ounce on Comex, after Friday snapping four straight weeks in a row of declines. The string of gains lifted the most-active gold contract to its highest settlement value since May 11, according to Dow Jones Market Data. The rally also comes as a surging dollar /zigman2/quotes/210598269/delayed DXY -0.0028% retreated 0.9% on Monday, as measured against a basket of six major rivals. A stronger dollar can be a negative for commodities priced in the unit, making them more expensive to users of other currencies.

/zigman2/quotes/210034565/delayed
US : U.S.: Nymex
$ 1,740.30
+3.80 +0.22%
Volume: 77,964
July 7, 2022 9:24a
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/zigman2/quotes/210598269/delayed
US : U.S.: ICE Futures U.S.
107.09
-0.0030 -0.0028%
Volume: 0.00
July 7, 2022 9:24a
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