Metals Stocks: Gold prices settle at a nearly 4-month low as dollar perks up

Gold prices on Tuesday finished lower as one popular measure of the U.S. dollar teetered near a two-year high, producing headwinds for bullion.

Gold for June delivery GCM9, -0.38% declined $4.40, or 0.3%, to settle at $1,273.20 an ounce, with the commodity suffering from the lowest most-active contract settlement since Dec. 26, according to FactSet data.

“The safe-haven metals continue to be hamstrung by not much risk aversion in the world marketplace and by a strong U.S. dollar on the foreign exchange market,” said Jim Wyckoff, senior analyst at Kitco.com.

The moves come as the ICE U.S.

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