Gold Prices Climb; Dollar Eases

Gold prices climbed again in the U.S. Tuesday as the greenback shifted lower in value.

Benchmark bullion futures were up $8.60 at $882.70 an ounce in recent action on the Comex division of the New York Mercantile Exchange. The streetTracks Gold Shares(GLD Quote) bullion exchange-traded fund was ahead by 0.6%.

As for the precious metals patch, shares of Barrick Gold(ABX Quote) were rising over 2% after the firm reported adjusted quarterly earnings of 62 cents a share, up from 46 cents a year earlier and ahead of Wall Street expectations of 60 cents.

AngloGold Ashanti (AU Quote) was rallying more than 8% after the company said its cash costs per ounce of gold mined were significantly below expectations during the first quarter, at $430 an ounce vs. the prior guidance of $467. The firm also upped its expected gold output for the year.

In the foreign-exchange market, one euro was buying $1.5555, up from $1.5496 on Monday. One dollar was buying 104.23 Japanese yen, down from 104.78 yen previously. The British pound was selling for $1.9744, up from $1.9715.

The CurrencyShares Euro Trust(FXE Quote) and the CurrencyShares Japanese Yen Trust(FXY Quote) were rising 0.5% and 0.4%, respectively.

CurrencyShares British Pound Sterling(FXB Quote) was up 0.3%.