Gold Settles At a More Than One-week High

By Myra P. Saefong Markets MarketWatch Pulse

Gold futures settled higher on Tuesday, finding support from weakness in U.S. equities and the dollar. However, comments from Federal Reserve officials on the potential for future interest-rate hikes limited gains for the metal. June gold settled at $1,276.90 an ounce, up $2.70, or 0.2%. That was the highest settlement since May 6.

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