Metals Stocks: Gold tries for best levels in 2 weeks after the dollar’s recent retreat

Gold futures prices climbed Monday, with the recent retreat in the U.S. dollar helping to put the metal on track to notch its strongest level in roughly two weeks, as investors tested key chart territory for bruised bullion.

August gold GCQ8, +0.44% was up $5.90, or 0.5%, at $1,261.70 an ounce. A settlement around this level would be the highest since June 25, FactSet data show.

“All will depend on the U.S. dollar for gold,” said Chintan Karnani, chief market analyst at Insignia Consultants. And “more negative news from the U.S. trade war should be bullish for gold.”

The North Atlantic Treaty Organization meeting coming up this week may “also affect the U.S.

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