Gold extended its upward momentum on Tuesday, marking a third consecutive session of gains with a modest increase of $12, or 0.29%.

Gold futures staged a powerful rally on Monday, gaining $112 (+2.79%) to trade at $4,120.20 per troy ounce, suggesting the precious metal may have completed a two-week consolidation period and could resume its historic advance through year-end.

Gold and silver concluded the trading week essentially unchanged despite intraday volatility, as investors weighed conflicting signals from deteriorating labor market conditions against cautious messaging from Federal Reserve officials regarding the future