Bulletin
Investor Alert

Market Pulse Archives

April 20, 2021, 1:48 p.m. EDT

Gold futures settle higher, buoyed by weakness in Treasury yields

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Gold Jun 2021 (GCM21)

or Cancel Already have a watchlist? Log In

By Myra P. Saefong

GCM21

Gold futures settled higher on Tuesday, buoyed by weakness in Treasury yields. Gold prices have climbed since marking a double-bottom on March 30th, said Adam Koos, president of Libertas Wealth Management Group, referring to a chart pattern that signals a potential bullish reversal in prices. He attributed gold's rise since late March to a decline in the U.S. dollar over the same period, as well as a retreat in interest rates that had become "extremely overbought" and a "long-in-the-tooth" U.S. stock market, which is "ripe for a pullback." June gold /zigman2/quotes/210036734/delayed GCM21 +0.04% rose $7.80, or 0.4%, to settle at $1,778.40 an ounce. Prices, however, failed to recoup all of the 0.5% loss from the previous session.

/zigman2/quotes/210036734/delayed
US : U.S.: Nymex
$ 1,832.00
+0.70 +0.04%
Volume: 332,450
May 7, 2021 4:59p
loading...

Get news alerts on Gold Jun 2021 — or create your own.
This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.