Haven buying supports gold ahead of Fed statement, Brexit vote
by Myra P. Saefong and Rachel Koning Beals
Gold futures finished higher on Tuesday as investors sought the relative safety of haven assets ahead of next week’s “Brexit” referendum and a tandem of closely watched central-bank meetings.
Gold futures had struggled to find direction during the session, weaving between losses and gains, as the U.S. dollar strengthened before Wednesday’s decision on interest rates from the U.S. Federal Reserve.
Gold for August delivery GCQ6, +0.10% tacked on $1.20, or 0.1%, to settle at $1,288.10 an ounce. Prices have now tallied five daily gains in a row, settling Tuesday at their highest since May 6. July silver SIN6, -0.16% finished at $17.424 an ounce, easing back 1.9 cents, or 0.1%.