Gold futures barely rise for first gain in seven sessions

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SAN FRANCISCO �� Gold futures settled with a modest gain on Tuesday, their first in seven sessions, with traders looking ahead to the week��s economic events, including a European Central Bank meeting and the monthly U.S. nonfarm payrolls report.

Gold for August tacked on 50 cents to settle at $1,244.50 an ounce on the Comex division of the New York Mercantile Exchange. Prices had tallied a loss of roughly 4%, or just over $50 an ounce, over the past six trading sessions.

July silver, meanwhile, gained over 2 cents, or 0.1%, on Tuesday to close at $18.76 an ounce, extending its gain from a day earlier, which followed a five-session decline.

Shares of gold and silver miners headed broadly lower for a second straight session in afternoon dealings. The Philadelphia Gold and Silver Index fell 0.6%. Shares of the SPDR Gold Trust  turned a bit higher, trading up 0.1%, while the iShares Silver Trust tacked on 0.1%.

Source : MarketWatch