Bulletin
Investor Alert

Market Pulse Archives

May 19, 2022, 1:38 p.m. EDT

Gold posts best daily gain in a month on Thursday

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Gold Continuous Contract (GC00)
  • X
    U.S. Dollar Index (DXY) (DXY)

or Cancel Already have a watchlist? Log In

By Joy Wiltermuth

Gold futures bounced on Thursday as a selloff in stocks continued after a string of disappointing retailer earnings kept investors on edge about the effects of inflation on the economy. Gold futures /zigman2/quotes/210034565/delayed GC00 +0.38% rose $25.30, or 1.4%, to settle at $1,841.20 an ounce, the best daily percentage rise for the most-active contract since April 12, according to FactSet data. The dollar's surge to about 20 year highs also pulled back on Thursday, with the ICE US Dollar index /zigman2/quotes/210598269/delayed DXY +0.04% off 1%. A stronger dollar can be a negative for commodities priced in the unit, making them more expensive to users of other currencies.

/zigman2/quotes/210034565/delayed
US : U.S.: Nymex
$ 1,808.30
+6.80 +0.38%
Volume: 52,140
July 4, 2022 3:45p
loading...
/zigman2/quotes/210598269/delayed
US : U.S.: ICE Futures U.S.
105.18
+0.05 +0.04%
Volume: 0.00
July 4, 2022 5:22p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.