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Gold edges up ahead of U.S. inflation readings this week

Metals Stocks Last Updated: May 9, 2023 at 10:37 a.m. ET First Published: May 9, 2023 at 9:08 a.m. ET Gold futures moved up Tuesday for a second session in a row. David Gray/Agence France-Presse/Getty Images Gold prices climbed on Tuesday, with the yellow metal moving closer to its Thursday settlement, which marked the second-highest

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Metals Stocks

Gold futures moved up Tuesday for a second session in a row.

David Gray/Agence France-Presse/Getty Images

Gold prices climbed on Tuesday, with the yellow metal moving closer to its Thursday settlement, 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.

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