gold futures finished higher on tuesday with the precious metal finding support due to a retreat in us treasury yields said stephen innes managing partner at spi asset management deal or no deal a us debt rating downgrade is a huge possibility he said and “we could rerun the paradoxical ‘buy the debt of the defaulter dynamic’” he said in that case there may be a rally in rates as “i would expect the market to price in a more dovish fed on a ratings agency downgrade” said innes “this is gold positive” gold for august delivery gcq23 climbed 14 or 07 to settle at 197710 an ounce on comex