Metals Stocks: Gold ends higher as the U.S. stock market pauses its rally [MarketWatch]
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Source: MarketWatch
Gold ends higher as the U.S. stock market pauses its rally Gold futures ended higher on Wednesday, rebounding from their lowest levels of the year, as a rally in stocks that took two of the three main U.S. equity indexes to records cooled, providing support for the haven metal. However, a perky dollar — hovering around its highest level in about 22 months — kept prices for the metal off the session’s high. Gold for June delivery GCM9, +0.38% rose $6.20, or 0.5%, to settle at $1,279.40 an ounce. The most-active contract settled at its lowest levels since about Dec. 26 a day earlier, according to FactSet data. The yellow metal had now posted gains in two of the past seven sessions. Metals were recently been under pressure as stocks have mounted a steady climb to records since a selloff late last year, with the S&P 500 index SPX, -0.07% and the Nasdaq Composite Index COMP, -0.04% registering all-time peaks for the first time in months on Tuesday. However, equities headed lower a
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