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Gold futures climb, with prices slightly higher for the month

Gold futures climbed on Tuesday following some downbeat U.S. economic data, with prices notching a slight gain for the month. Looking ahead, the focus will be on Friday’s U.S. jobs data, wrote Peter Grant in Zaner’s latest Grant on Gold newsletter. If the data come in significantly above market expectations, “talk of tapering and [interest] rate lift-off will heat up once again,” he said. That could pressure gold prices. December gold

rose $5.90, or 0.3%, to settle at $1,818.10 an ounce after ending Monday down 0.4%. For the month, prices for the most-active contract were up from the $1.817.20 settlement at the end of July, FactSet data show.

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