June gold GCM6, -0.44% gained $2.90, or 0.2%, to close at $1,260.90 an ounce on Comex, shaking off an early slide to turn modestly higher.
Tuesday’s climb marked four consecutive sessions of climbing prices, its longest series of advances since the period ended Feb. 9, when gold gained for five sessions in a row, according to FactSet data.
Gold prices shrugged off rallies in stocks DJIA, +0.94% SPX, +0.97% and crude-oil prices CLK6, -0.66% to rise as metals traders focused on weak corporate quarterly results and a bleak outlook for global growth offered by the International Monetary Fund.
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