Gold futures climbed on Tuesday to settle at their highest in more than a year, buoyed by weakness in the U.S. dollar and Treasury yields following a monthly decline in U.S. job openings. A lower U.S. dollar and Treasury yields all point to the Federal Reserve “taking a pause…on the inflation fight as they deal with the banking situation,” which is stable but not over, said Paul Wong, market strategist at Sprott Asset Management. Gold for June delivery

rose $37.80, or 1.9%, to settle at $2,038.20 an ounce on Comex. Prices based on the most-active contract settle at their highest since March 8, 2022, according to FactSet data.

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