Gold futures ended with a gain on Tuesday and tallied a third consecutive monthly gain. Gold rose for the session “after another round of economic data showed the labor market is cooling and the outlook for the economy remains weak,” said Edward Moya, senior market analyst at OANDA. “Bad economic news is once again good news for gold” as it will continue to cement bets that a Federal Reserve pivot — a change in its monetary policy — could happen by the end of the year, he said. Gold for April delivery GCJ23 rose $6.10, or 0.3%, to settle at $1,945.30 an ounce on Comex. Based on prices for the most-active contract, gold tacked on more than 6% for the month, FactSet data show.
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