Gold Settles at Five-Week High

Gold prices rose on Tuesday for the fourth consecutive session, supported by the decline of the U.S. Dollar (USD) and Treasury bond yields, nearing a return to the $1,750 level and closing at its best level in about five weeks.

The yellow metal futures for June delivery gained $14.20, or 0.8%, to finish at $1,743 per ounce, its best closing level since February 25.

Gold futures reached a session high of $1,746.55 an ounce earlier.

With four straight daily gains, the precious metal achieved its best rising streak in about two months.