Gold extends gains to a 3rd session in a row

Gold futures settled with a modest gain on Tuesday as continued delays to an expected Federal Reserve interest-rate increase, as well as concerns over the outlook for U.S. stock market in the midst of earnings season, helped prices score a third session gain in a row.

December gold GCZ5, +0.65% tacked on 90 cents, or 0.1%, to settle at a more than three-month high of $1,165.40 an ounce on Comex, reversing earlier losses intraday that took prices under $1,152. Prices climbed 0.7% on Monday, after a 1% gain Friday.

“Gold is continuing to benefit from the weakness in U.S. dollar and safe-haven buying due to growing uncertainty about the direction of the stock markets,” Fawad Razaqzada, analyst at Forex.com, told MarketWatch.

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