Gold Barely Budges As Stocks Rally, Eyes Monthly Gain

By Mark DeCambreMarketWatch Pulse

Gold futures ended little changed Tuesday amid a rally in global stocks that eroded the precious metal's haven appeal. Sharp gains in U.S. stocks, with the Dow Jones Industrial Average and the S&P 500 index trading sharply higher following advances in crude-oil prices , underscored the moves in equities in a holiday-shortened week of trading. February gold ended little changed, shedding 30 cents, or less than 0.1%, lower to settle at $1,068 an ounce. A move higher in the dollar also helped limit gold's move. The yellow metal is looking at a 0.3% monthly climb in December.

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