Metals Stocks: Gold futures tip higher, head for monthly drop

Gold prices tried for gains Thursday to shave a sliver from a monthly drop for May, as the dollar index pulled back from 10-month highs.

August gold GCQ8, -0.04% gained $2.50, or 0.2%, to $1,308.90 an ounce in early trading. Gold, based on the most-active futures contract, is headed for a roughly 1% decline in May, a month that saw the metal crack the downside of a $1,300-to-$1,350 range confining the metal for much of this year to hit a fresh low for 2018.

Read: Rising angst around global politics doesn’t move gold like it used to

The ICE U.S.

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