Gold futures stretch streak of gains to a 5th-straight session

Gold futures staged a late-session turnaround on Tuesday, as a move lower for oil prices and sharp losses in U.S. equities gave the metal enough momentum to stretch its streak of gains to a fifth-straight session.

April gold GCJ6, -0.62%  rose 70 cents, or less than 0.1%, to settle at $1,198.60 an ounce, tallying a total gain of more than 6% in five sessions. The settlement price was the highest for a most-active contract since June 19, 2015, FactSet data show.

The yellow metal spent much of the session trading lower after prices rose 3.5% on Monday. In electronic trading shortly after Tuesday’s finish, gold futures moved lower again.

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