Gold prices score 5th straight day of wins Tuesday with U.S.-China tensions in focus

Gold prices end higher Tuesday, climbing for a fifth straight day, after U.S. House Speaker Nancy Pelosi landed in Taiwan, sparking vows of retaliation from Beijing. December gold rose 0.1% to settle at $1,789.70 an ounce, with the most-active contract ending higher in the past five sessions. Investors also continued to migrate into precious metals Tuesday and other safe-haven assets after a pair of top Federal Reserve officials pushed back on the notion among some investors that the central bank will pivot away an aggressive pace of rate hikes, instead signaling a plan to wait until high inflation subsides. The U.S. dollar climbed as did Treasury yields, pushing the 10-year rate up 12 basis points to about 2.73%, according to FactSet.

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