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June 10, 2021, 1:35 p.m. EDT

Gold futures settles higher for a second session

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By Myra P. Saefong

Gold futures climbed Thursday to notch a second straight session gain. Gold "found good support after the initial dip in reaction to the hotter inflation data than expected," said Fawad Razaqzada, market analyst at ThinkMarkets. It looks like gold investors agree with the Federal Reserve's narrative that "inflation will cool down in the months ahead, which means low rates for longer," he said. August gold edged up by 90 cents, or nearly 0.1%, to settle at $1,896.40 an ounce.

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