Gold looks to log highest settlement in over a week

Gold futures climbed on Tuesday, set to log their highest settlement in more than a week as declines in U.S. equities and the dollar helped to lift the metal’s investment appeal.

June gold GCM6, -0.34%  rose $7.20, or 0.6%, to trade at $1,281.40 an ounce. A settlement around this level would be the strongest since May 6. Silver for July delivery SIN6, -1.19%  also tacked on 16.6 cents, or 1%, to $17.32 an ounce, also set for its highest settlement in over a week.

On Tuesday, the gold ETF SPDR Gold Trust GLD, +0.34% rose 0.4%. The VanEck Vectors Gold Miners ETF GDX, +1.35%  jumped 1.8%, while silver-focused iShares Silver Trust SLV, +0.55% was 0.8% higher.

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