Metals Stocks: Gold scores back-to-back gains ahead of U.S. inflation readings this week

by | May 9, 2023 | Stock Market

Gold prices scored back-to-back gains on Tuesday, with the yellow metal moving closer to its settlement last Thursday which marked the second-highest finish for a most-active Comex gold contract on record. An overall decline in the U.S. dollar, banking-sector issues, and concerns about a weakening U.S. economy were among the reasons behind gold’s move last week toward a fresh record high. Traders on Tuesday awaited the latest U.S. inflation data to better gauge the economic outlook. Price action accMarket drivers…

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