Metals Stocks: Gold heads higher for a second session as dollar retreats

Gold futures inched higher Thursday, a day after markets in the U.S. were closed in observance of the Fourth of July holiday, buoyed by some weakness in the dollar.

August gold GCQ8, +0.41% rose $4.20 or 0.3%, to $1,257.70 an ounce. That follows a 1% Tuesday rebound that helped the yellow metal claw back some losses that drove futures to the lowest levels of 2018. For the week, bullion prices traded 0.2% higher. The most popular fund tracking gold, the SPDR Gold Shares GLD, +0.38% meanwhile, was up about 0.2% this week, according to FactSet data.

Thursday’s action comes as the Dow Jones Industrial Average DJIA, +0.71% and the S&P 500 index SPX, +0.69%traded higher.

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