Metals Stocks: Gold ends higher, holds above $1,700 an ounce as dollar weakens

by | Jul 19, 2022 | Stock Market

Gold futures settled modestly higher on Tuesday, holding ground above $1,700 an ounce as the U.S. dollar continued to weaken against major currencies, but a slight rise in U.S. Treasury yields kept price gains in check. Price actionWhat analysts are saying “A big drop in the U.S. dollar index this week is limiting selling interest in the precious metals,” said Jim Wyckoff, senior analyst at Kitco.com, in a Tuesday note. “However, rising U.S. Treasury bond yields this week and a wobbly crude oil market…

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