Gold Snaps 6-session Win Streak As Dollar Rises

By Markets MarketWatch Pulse

Gold futures settled lower Tuesday, retreating after the U.S. dollar rebounded off session lows and as investors offloaded some of their gains in the rapidly rising precious metal. Gold has climbed some 5.5% over the past 30 days, according to FactSet data. June gold finished $4, or 0.3%, lower at $1,291.80 an ounce, halting a streak of six consecutive session of advances for the yellow metal. Gold has enjoyed a rally fueled in part by a relatively weak dollar but the buck turned modestly higher Tuesday, managing to offset a sharp selloff in global stocks, which has typically translated into a strong bid for so-called haven assets like gold.

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