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Metals Stocks: Gold, silver tip cautiously higher as dollar softens

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Gold and silver inched higher Tuesday, putting the precious metals in position to end a series of declines.

Shifting expectations about the Federal Reserve’s interest-rate policy ahead of a closely watched retreat in Jackson Hole, Wyo., on Friday, where Chairwoman Janet Yellen will speak, have resulted in small gyrations in the greenback.

December gold GCZ6, +0.30% gained $4.60, or 0.03%, to $1,347.50 an ounce. It fell Friday and Monday after a flat finish for all of last week.

The dollar slipped against most major currencies Tuesday. The ICE Dollar Index DXY, -0.14% which measures the greenback against a basket of six rivals, eased 0.2% to 94.35, after ending almost near break-even on Monday.

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