Gold prices end higher Tuesday after back-to-back losses

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Gold prices pushed higher on Tuesday to end with a gain as the surging dollar hit pause and investors awaited Friday’s inflation reading for May. Gold for August delivery GCQ22, -0.09% GC00, -0.09% advanced 0.5%, adding about $8.70, to settle at $1,852.10 an ounce on Comex, after ending lower for two straight sessions. The upswing for the yellow metal came as the ICE US Dollar index DXY, +0.22% edged almost 0.1% lower against a basket of rival currencies and the 10-year Treasury rate slightly backed away from the 3% threshold, pointing to a modest pullback in other haven plays.

This article was originally published by Marketwatch.com. Read the original article here.

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