Gold futures move higher as dollar, stocks and yields retreat

Gold futures moved higher on Wednesday, finding support from weakness in the U.S. dollar and a retreat in Treasury yields as global stocks slip, amid rising geopolitical tensions.

Prices for the yellow metal touched a high at $1,800 in Wednesday dealings, but has held ground below that key level since.

“Gold prices are struggling to stay above the 1,800-price mark, an important price point that boosts the confidence among gold bulls,” said Naeem Aslam, chief market analyst at AvaTrade, in a market update.