Gold futures mark second day of gains

Gold futures on Tuesday for a second day, as weakness in global equities helped the metal extend a rebound from a mid-March low.

Gold for August delivery on Comex GCQ5, -0.14%  rose $4, or 0.3%, to settle at $1,177.60 an ounce, following a gain of 0.5% on Monday. July silver SIN5, -0.01%  was barely changed at $15.957 an ounce after a modest 0.2% decline from a day earlier.

“As a global sell off in stocks invited a ‘flight to safety bid’ to precious metals,” said Tyler Richey, an analyst for the 7:00’s Report.

But after an “encouraging” Job Openings and Labor Turnover Survey report early Tuesday, gold pared its gains, said Richey.

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