Gold tried for a fifth-straight advance in Tuesday trading, buttressed by a lower dollar, struggling bond yields and uncertainty for inflation and the economy surrounding a probable tax cut.
February gold GCG8, -0.12% inched up by less than 0.1%, tacking on 90 cents, to $1,266.40. Still, a close near this level would mark the best finish for the yellow metal in nearly two weeks. For the year gold remains up about 9%, though it has struggled in a tight range in recent weeks. The SPDR Gold Trust GLD, +0.45% rose 0.1% premarket, while the VanEck Vectors Gold Miners ETF GDX, +1.59% was little changed.
