Gold futures climbed Tuesday to finish at their highest level since mid-December, finding support on the back of “a lot of capital reallocation” at the start of the year, according to Tyler Richey, co-editor of The 7:00’s Report. Strength in the U.S. dollar and stock market, as well as upbeat economic data, had fueled declines in earlier trading. February gold tacked on $10.30, or 0.9%, to settle at $1,162 an ounce.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News