Gold futures up a fourth straight session

Gold futures settled higher on Tuesday for a fourth straight session, at their highest since April. “Gold bulls continue to draw confidence from U.S. recession fears and expectations around a less aggressive Federal Reserve,” said Lukman Otunuga, manager, market analysis at FXTM. The precious metal “could push higher if the fundamental drivers remain unchanged.” Gold for February delivery GCG23 rose $6.80, or nearly 0.4%, to settle at $1,935.40 an ounce on Comex, the highest most-active contract settlement since April 21, FactSet data show.

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