Metals Stocks: Gold holds ground at 5-week high as investors eye U.S., China trade tensions

Gold futures rose for a fourth straight session Monday, marking their highest settlement in just over five weeks as investors eyed trade tensions between the U.S. and China and their impact on the U.S. dollar and stock market.

Prices for the metal found support as the dollar declined, but a rebound in U.S. stocks on the back of easing trade tensions between the U.S. and China kept a cap on the metal’s gains.

April gold GCJ8, +0.32% tacked on $5.10, or 0.4%, to settle at $1,355 an ounce. Prices marked their highest finish since Feb. 16 and they’ve now climbed for four sessions in a row—the longest streak of such gains since January, , according to FactSet data.

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