Gold settles at highest level in more than a week

Gold climbed on Tuesday as a decline in the U.S. dollar and concerns about Greece’s debt woes, combined with the health of the U.S. economy helped lift prices of futures for the precious metal to their highest settlement in more than a week.

Gold futures for August delivery on Comex GCQ5, -0.18%  rose $5.70, or 0.5%, to settle at $1,194.40 an ounce. That was the highest settlement for a most-active contract since May 22. July silver SIN5, -0.35%  also rose 11.9 cents, or 0.7%, to $16.799 an ounce.

Mark O’Byrne, a director at GoldCore in Dublin, attributed gold’s gains Tuesday to “concerns about the Greek situation and concerns about the health of the U.S. economy.”

Gold prices gained more ground Tuesday as the dollar weakened further. The ICE dollar index DXY, -0.09% fell 1.7% to trade near the session’s lows, with the greenback under pressure versus the euro EURUSD, +0.0179%.

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