london<u+2014>gold prices swung between gains and losses on tuesday morning. pushed and pulled by a weaker u.s. dollar and rising stock markets . spot gold traded down 0.02% at $1,225.08 a troy ounce in midmorning trade in europe, after fluctuating throughout the morning. the metal was lingering just above a five-month low set on monday as gold fell sharply as equity markets and other commodities rallied following the election of donald trump last week. <u+201c>why? everything else has rallied, so by holding gold, you<u+2019>ve lost out,<u+201d> said robin bhar, an analyst at societe g<u+00e9>n<u+00e9>rale in london. <u+201c>it is really a bit unloved at the moment.<u+201d> on tuesday, oil prices and the stoxx europe 600 were both rising, with the dow jones industrial average on track to inch to a record high, which is bearish for gold. on tuesday, the dollar was weakening after six days of gains, which had pushed it to its strongest point in a year . the wsj dollar index was down 0.27% in the morning. a weaker dollar is typically bullish for gold, as it makes the metal more affordable. gold doesn't bear interest, so it struggles to compete when other investments gain or when interest rates rise. because it tends to hold it is value in times of instability, it typically does best when other investments, from bonds to equities to the dollar, fall. gold prices are also waiting on the timing of the next rate increase by the federal reserve. while analysts had expected that a rate increase in december would be delayed if donald trump was elected, investors still largely expect that hike to come , with fed fund futures tracked by the cme put the likelihood of a rate increase in december at nearly 86%. the other precious metals were mixed on tuesday. silver was flat at $17.04 a troy ounce, platinum was down 0.24% at $942.25 a troy ounce, and palladium was up 0.79% at $704.75 a troy ounce. --riva gold contributed to this article. write to katherine dunn at katherine.dunn@wsj.com
gold prices gyrate, buffeted by dollar, stocks - wsj
katherine dunn