Metals Stocks: Gold tries for best back-to-back advance in 2 weeks


Precious metals prices advanced Tuesday, tracking currencies and an early pause for record-setting stocks.

Gold futures were drawing enough momentum to push it up through the closely watched $1,350 level.

“Finding support from a weaker U.S. dollar, precious metals are seeing a recovery movement,” Carsten Fritsch and the commodities team at Commerzbank said in a daily roundup. In fact, with the gains so far, gold is on track for the biggest back-to-back rally in about two weeks.

December gold GCZ6, +0.44% rose $12, or 0.9%, to $1,359.30 an ounce after fighting over the last few sessions to extend above $1,350.

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