Gold prices settle at a four-month high

Gold futures edged higher on Tuesday, extending their rise to the highest settlement since early January. The higher price finish led to a fourth-straight session gain. The metal’s outlook “still screams bullishness given the monetary policy stances across the world’s two largest economies,” said Edward Moya, senior market analyst at Oanda. “Gold’s eyes are set for the $1,900 level, with bullion investors likely poised to defend any weakness that approaches the $1,850 level.” June gold added 40 cents, or 0.02%, to settle at $1,868 an ounce, with prices for the most-active contract at their highest since Jan. 7, according to FactSet data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.