Metals Stocks: Gold finishes higher as U.S. stock market weakens

Gold settled higher Tuesday, recovering earlier losses, as appetite for riskier assets waned and U.S. stock indexes weakened.

“Trade and tariff talks have distorted gold prices, as misunderstood gold” reacted to the Trump’s administration recent decision to shelve tariffs against Mexico, said George Gero, managing director at RBC Wealth Management.

Meanwhile, “Brexit problems escalate, and China-U.S. talks have question marks and traders await [Group of 20] talks later this month, he said. So “gold still looks range bound” in the $1,315 to $1,350 area “until we see more news.”

Gold for June delivery on Comex GCM19, +0.18% rose $1.90, or 0.1%, to settle at $1,331.20 an ounce after posting as loss of 1.3% on Monday.

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