Gold prices finished higher in Tuesday trade but encountered late pressure from the U.S. dollar, which rallied after remarks from a Federal Reserve official pointed to a September interest-rate hike.
Gold stumbled to the close, paring gains after Lockhart’s remarks, stumbling to the close of trade.
Gold for December delivery GCZ5, -0.43% the most actively traded contract on Comex gained $1.30 cents, or less than 0.1%, at 1,090.70 an ounce, after closing at $1,089.40 an ounce Monday.
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