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May 6, 2021, 1:45 p.m. EDT

Gold prices settle above $1,800 an ounce, highest since February

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    Gold Jun 2021 (GCM21)

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By Myra P. Saefong


Gold futures rallied Thursday to top $1,800 an ounce, with prices marking their highest settlement since February. Prices got a boost from weakness in the U.S. dollar, as well as a decline in 10-year Treasury note yields. Getting above the key level of $1,800 is a "positive as it keeps the series of higher highs and higher lows that began in April in place, and the near-term trend to the upside," said Dan Russo, portfolio manager at Potomac Fund Management. June gold /zigman2/quotes/210036734/delayed GCM21 -0.36% rose $31.40, or 1.8%, to settle at $1,815.70 an ounce. That was the highest most-active contract settlement since Feb. 12, FactSet data show.

US : U.S.: Nymex
$ 1,775.80
-6.50 -0.36%
Volume: 78.00
June 24, 2021 2:51p

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