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9:50 a.m. Oct. 22, 2021 - By Myra P. Saefong
Gold futures settle higher, posting a gain for the weekGold futures , with concerns surrounding rising inflation prompting prices to post a gain for the week. Gold prices, however, finished off the session's highest price levels after F that it was "time to taper" the central bank's $120 billion in monthly asset purchases. December gold climbed by $14.40, or 0.8%, to settle at $1,796.30 an ounce. Prices based on the most-active contract climbed about 1.6% for the week, marking a second consecutive weekly gain, according to FactSet data.
9:37 a.m. Oct. 21, 2021 - By Myra P. Saefong
Gold futures end lower after two-session decline Gold futures , easing back after posting gains in each of the last two trading sessions. The precious metal "appears stuck in 'no man's land', battling rising yields on the short-end of the curve" as Federal Reserve members try to push back rate hike expectations, said Edward Moya, senior market analyst at Oanda. "Bullion continues to struggle to recapture the $1,800 level," he said. December gold declined by $3, or 0.2%, to settle at $1,781.90 an ounce.
10:10 a.m. Oct. 20, 2021 - By Myra P. Saefong
Gold futures post back-to-back session gainsGold futures , settling higher for a second straight session. "Inflation concerns are supporting gold prices," said Chintan Karnani, director of research at Insignia Consultants. The yellow metal is still trading in the $1,750 to $1,800 range, but it will break free from that range, as physical demand is very high in Asia, he said. In the short term, however, gold has to show signs of trading over $1,800 for prices to rally, said Karnani. December gold climbed by $14.40, or 0.8%, to settle at $1,784.90 an ounce. After the release of the Federal Reserve's Beige Book report, prices traded at $1,786.40 in electronic trading.
9:48 a.m. Oct. 19, 2021 - By Myra P. Saefong
Gold futures mark first gain in 3 sessionsGold futures for the first time in three sessions, as weakness in the U.S. dollar helped fuel demand for the precious metal. The market seemed realize that the Federal Reserve's minutes from the September meeting, released last week, were "leaning a little too aggressively to the hawkish side," wrote Peter Grant, vice president at Zaner, in a recent newsletter. "This prompted some liquidation of long dollar positions, as well as short Treasurys and gold bets," he said. More consolidation within gold's broad trading range seems likely, at least until the November FOMC meeting, he said. December gold climbed by $4.80, or 0.3%, to settle at $1,770.50 an ounce.
9:43 a.m. Oct. 15, 2021 - By Myra P. Saefong
Gold futures end lower, but post a modest gain for the weekGold futures , pressured by strength in Treasury yields and U.S. benchmark stock indexes, but prices still saw a modest gain for the week, the strongest advance in six weeks. Gold gave back most of its gain for the week on Friday, "with investors choosing the racier equity markets over the haven asset," said Fawad Razaqzada, market analyst at ThinkMarkets. The metal "remains stuck inside its existing ranges as investors wonder whether bond yields and the dollar will resume higher," with the Federal Reserve seen tapering its bond purchases program in mid-November or mid-December," he said. "Other investors will be happy to buy the dips as the metal is considered to be a good hedge against inflation." December gold declined by $29.60, or nearly 1.7%, to settle at $1,768.30 an ounce. Prices based on the most-active contract rose 0.6% for the week, the biggest weekly rise since the week ended Sept. 3, FactSet data show.
9:48 a.m. Sept. 29, 2021 - By Myra P. Saefong
Gold futures settle at lowest price in almost 6 monthsGold futures to settle at their lowest level since the end of March, with dollar-denominated prices for the precious metal pressured by strength in the U.S. dollar. The ICE U.S. Dollar Index was up 0.6% at 94.367, trading at the highest since September of last year, FactSet data show. While gold metal is likely to weaken further amid a stronger dollar, its outlook may be influenced by the Federal Reserve's "preferred inflation gauge," the core personal consumption expenditures price index, due out Friday, said Lukman Otunuga, manager, market analysis at FXTM. December gold fell $14.60, or 0.8%, to settle at $1,722.90 an ounce, the lowest most-active contract finish since March 31, FactSet data show.
9:43 a.m. Sept. 27, 2021 - By Myra P. Saefong
Gold futures tally a second straight gainGold futures , as eased back from their highest levels of the session. "Bearish elements," such as the hawkish comments from the Federal Reserve last week and expectations for interest rate hikes, have been predominant, said Carlo Alberto De Casa, analyst at Kinesis Money. For now, investors do not seem to be too worried about the risk of a domino effect from China property giant Evergrande's debt woes, he said. December gold rose 30 cents, or 0.02%, to settle at $1,752 an ounce. Prices posted a climb of 0.1% on Friday.
9:47 a.m. Sept. 23, 2021 - By Myra P. Saefong
Gold futures mark lowest finish in over 6 weeksGold futures moved to log their lowest finish in more than six weeks. The loss is "related to a combination of factors centered around investor confidence improving and fear easing," said Colin Cieszynski, chief market strategist at SIA Wealth Management. So far, China property giant Evergrande's problems have been contained, the Federal Reserve is moving toward tapering and at the Bank of England's monetary policy committee vote, there were two "hawkish dissenters" calling for reducing stimulus as well, he said. "A more hawkish trend for central banks improves the value of paper money relative to hard currency like gold." December gold fell $29, or 1.6%, to settle at $1,749.80 an ounce, the lowest most-active contract finish since Aug. 10, FactSet data show.
10:08 a.m. Sept. 22, 2021 - By Myra P. Saefong
Gold settles slightly higher, extends gains after Fed policy statementGold prices settled with a , then moved up further after that they're almost ready to taper their bond-buying and expect to raise interest rates by late 2022. December gold was at $1,785.80 an ounce in electronic trading, following a settlement at $1,778.80, up 60 cents, or 0.03%, for the session.
9:42 a.m. Sept. 21, 2021 - By Myra P. Saefong
Gold futures settle higher for a second straight session Gold futures for a second straight session, buoyed in part by a pullback in the U.S. dollar. Investors continued to gauge economic concerns tied to a downturn in China's property market and awaited a monetary policy decision by the Federal Reserve due Wednesday. December gold rose $14.40, or 0.8%, to settle at $1,778.20 an ounce after climbing 0.7% on Monday.
9:45 a.m. Sept. 17, 2021 - By Myra P. Saefong
Gold futures mark lowest settlement in over 5 weeksGold futures , posting a loss for the week and settling at their lowest in more than five weeks. Positive economic numbers coming in each week, the most recent being U.S. retail sales, have contributed to gold's loss, said Adam Koos, president at Libertas Wealth Management Group. "Any additional, positive, hawkish numbers like these are going to solidify any probability of a 'sooner-than-later' [Federal Reserve] tapering schedule, which wouldn't likely bode well for gold, or bonds, for that matter." December gold fell $5.30, or 0.3%, to settle at $1,751.40 an ounce - down 2.3% for the week. That was lowest finish for a most-active contract since Aug. 10, FactSet data show.
9:34 a.m. Sept. 13, 2021 - By Myra P. Saefong
Gold futures end higher, but fail to reclaim the $1,800 markGold futures , but only managed to briefly trade above the key $1,800 mark. "Policymakers have seemingly been keen to ensure the [economic] data doesn't distract from the central bank's intentions to taper this year, understanding the importance of effective communication when approaching major policy shifts," said Craig Erlam, senior market analyst at Oanda."That's held gold back even as the data has softened," he said. "There's plenty more to come this week, but [gold] may trade cautiously still," ahead of next week's Federal Reserve policy meeting. December gold rose $2.30, or 0.1%, to settle at $1,794.40 an ounce after losing more than 2% last week.
9:35 a.m. Sept. 8, 2021 - By Myra P. Saefong
Gold futures stretch losses to a second straight session Gold futures stretched their losses into a . "Gold, like all markets, is trading on a day-to-day basis according to how traders are interpreting the tea leaves for [Federal Reserve] monetary policy," said Brien Lundin, editor of Gold Newsletter. The metal was "victimized" Tuesday by higher Treasury yields as the "markets felt the lousy jobs number would prompt the Fed to ignore higher inflation" and on Wednesday, gold was "hurt by a slight rebound in the dollar index." Investors await further directional cues for the precious metal from the Fed's Beige Book report on economic conditions due out shortly. December gold fell $5, or 0.3%, to settle at $1,793.50 an ounce.
9:43 a.m. Sept. 7, 2021 - By Myra P. Saefong
Gold futures settle below $1,800 an ounceGold futures , settling below the key $1,800 mark for the first time since Aug. 26, after ending last week at their highest since mid-June. The drop in prices is a "reaction to dollar strength and ," said Michael Armbruster, managing partner at Altavest. If the Federal Reserve's Beige Book report due out Wednesday "suggests that the U.S. economy is cooling, then that would be a bullish factor for gold," he said. For now, "we still like buying gold on dips below $1,800." December gold fell $35.20, or 1.9%, to settle at $1,798.50 an ounce after posting a fourth consecutive weekly gain last Friday. U.S. trading was closed Monday for the Labor Day holiday.
9:43 a.m. Sept. 1, 2021 - By Myra P. Saefong
Gold futures ease back as investors await jobs reportGold futures , giving back a portion of the gains seen a day earlier. Gold will continue to "consolidate" until this Friday's U.S. labor market report, said Edward Moya, senior market analyst at Oanda. "After Friday, Wall Street will have a good handle on when to expect the [Federal Reserve] to make a taper announcement," he said. December gold fell $2.10, or 0.1%, to settle at $1,816 an ounce after ending Tuesday up 0.3%.
10:04 a.m. Aug. 30, 2021 - By Myra P. Saefong
Gold futures end lower, but hold above the key $1,800 markGold futures , easing back after posting a gain last week, but prices remained above the key $1,800 mark. At the Jackson Hole central-bankers symposium on Friday, Federal Reserve Chairman Jerome "Powell's inaction on tapering means gold has retracted all of August's previous 7% plunge," but silver prices trade lower month to date, said Adrian Ash, director of research at BullionVault. "That could be an early indication that the post-COVID reflation is running out of juice, because it means the market currently sees the industrial outlook weakening versus the need for a safe haven." December gold fell $7.30, or 0.4%, to settle at $1,812.20 an ounce.
10:00 a.m. Aug. 27, 2021 - By Myra P. Saefong
Gold futures settle back above $1,800, up 2% for the weekGold futures climbed back above $1,800 an ounce on Friday, settling up 2% for the week. At the Jackson Hole central-bankers symposium, Federal Reserve Chairman Jerome Powell "didn't hard-line a taper timeline," said Adam Koos, president at Libertas Wealth Management Group. "While there are still supportive fundamentals at play here, short-term [gold] prices are likely rising on hope that the timeline will be tempered." The gold market didn't learn anything from Powell's remarks that it didn't already know so for that reason, "gold is breathing a sigh of relief into the weekend," said Koos. December gold rose $24.30, or nearly 1.4%, to settle at $1,819.50 an ounce.
9:51 a.m. Aug. 26, 2021 - By Myra P. Saefong
Gold futures touch highs above $1,800 an ounce Gold futures , touching intraday highs above the psychologically important $1,800 mark and recouping some of the losses suffered in the previous session. Investors await a speech from Federal Reserve Chairman Jerome Powell at the Jackson Hole symposium Friday for hints on the timing of the central bank's plan to scale back crisis-era monetary policy accommodations. December gold rose $4.20, or 0.2%, to settle at $1,795.20 an ounce after losing 1% Wednesday.
9:43 a.m. Aug. 23, 2021 - By Myra P. Saefong
Gold futures climb back above $1,800 to highest finish in over two weeks Gold futures rose back to settle at the highest price for a most-active contract since Aug. 5, according to FactSet data. Weakness in the U.S. dollar provided support for the dollar-denominated metal, extending the modest rise in prices seen on Friday, as investors await monetary policy symposium later this week. December gold rose $22.30, or nearly 1.3%, to settle at $1,806.30 an ounce.
9:37 a.m. Aug. 12, 2021 - By Myra P. Saefong
Gold prices ease back a day after a sharp climbGold futures , easing back from Wednesday's more than 1% climb. Prices in the short term are "dependent on the strength of the U.S. economy," said Chintan Karnani, director of research at Insignia Consultants. The outlook of the U.S. economy for the fourth quarter and next year "will determine when the Federal Reserve will start withdrawing stimulus money," he said. December gold edged down by $1.50, or about 0.1%, to settle at $1,751.80 an ounce.
9:57 a.m. July 30, 2021 - By Myra P. Saefong
Gold prices settle lower, but post a gain for the monthGold futures , but climbed for the month. "Renewed signs that the Federal Reserve may not taper anytime soon continues to sweeten appetite for the precious metal, while negative COVID-19 developments may boost attraction towards the safe-haven asset," said Lukman Otunuga, manager, market analysis at FXTM. Looking ahead however, gold may face multiple headwinds "as the Fed finds it increasingly difficult to defend its dovish stance," he said. With annual inflation in the U.S. already at a 13-year high and the economy recovering, "hawks are bound to enter the scene," and such a development "could throw a proverbial wrench in the works for gold bulls, sending prices tumbling lower." December gold fell by $18.60, or 1%, to settle at $1,817.20 an ounce. Based on the most-active contract, prices rose nearly 0.9% for the week and were up 2.6% for the month, according to Dow Jones Market Data.
9:53 a.m. July 29, 2021 - By Myra P. Saefong
Gold prices climb nearly 2% to settle at highest in over 6 weeksGold futures , tacking on nearly 2% to settle at the highest in over six weeks. Gold prices surged "after a wrath of U.S. economic data painted a picture of a prolonged economic recovery that will likely be accompanied with a [Federal Reserve] that will anytime soon," said Edward Moya, senior market analyst at Oanda. December gold rose $31.20, or 1.7%, to settle at $1,835.80 an ounce. That was the highest most-active contract finish since June 16 and largest one-day percentage gain since May 6, FactSet data show.
9:35 a.m. July 27, 2021 - By Myra P. Saefong
Gold prices end slightly higher, but remain below $1,800 Gold futures , but prices remained below the key $1,800 mark for a second-straight session. The U.S. dollar traded with a "softer bias," with gold holding to a tight trading range, ahead of Wednesday's Federal Reserve announcement on monetary policy, said Chintan Karnani, director of research at Insignia Consultants. Gold may head even lower if the Fed indicates an early end to bond purchases in the fourth quarter, raises the economic outlook and maintains a transitory stance on inflation, he said. August gold rose 60 cents, or 0.03%, to settle at $1,799.80 an ounce.
9:44 a.m. July 26, 2021 - By Myra P. Saefong
Gold falls under $1,800 an ounce to mark lowest finish in nearly 3 weeksGold futures to mark their lowest settlement in almost three weeks. "While optimism is growing around the economy as we exit the pandemic in the coming quarters, inflation is still widely being viewed as transitory, meaning central banks are in no rush to remove the stabilizers," said Craig Erlam, senior market analyst at Oanda. He expects the market to find out more about the economy and inflation from the Federal Reserve, which will begin its two-day monetary policy meeting on Tuesday. August gold fell $2.60, or 0.1%, to settle at $1,799.20 an ounce, the lowest most-active contract finish since July 6, FactSet data show.
9:40 a.m. July 23, 2021 - By Myra P. Saefong
Gold prices post a weekly loss after 4 consecutive weeks of gainsGold futures , with prices down about 0.7% for the week, according to FactSet data. Gold declined as "risk appetite runs wild," with the S&P 500 making a fresh intraday record high and Treasury yields poised to end Friday near this week's high, said Edward Moya, senior market analyst at Oanda. The precious metal is likely to continue to trade around the $1,800 level leading up to the Federal Reserve policy decision on Wednesday, he said. August gold fell $3.60, or 0.2%, to settle at $1,801.80 an ounce.
9:37 a.m. July 22, 2021 - By Myra P. Saefong
Gold prices finish higher as U.S. Treasury yields declineGold prices finding support from a . The precious metal "continues to remain stuck" around the $1,800 level and that will probably remain the case until after next week's Federal Reserve meeting on monetary policy, said Edward Moya, senior market analyst at Oanda. August gold rose $2, or 0.1%, to settle at $1,805.40 an ounce. Prices on Wednesday had marked the lowest most-active contract finish since July 8.
9:41 a.m. July 14, 2021 - By Myra P. Saefong
Gold prices logs highest settlement in nearly a monthGold prices , marking the highest settlement since mid-June, finding support on the back of a decline in the U.S. dollar and Treasury yields, as his first day of his two-day testimony to Congress on the state of the economy. Powell said he believes the sharp rise in inflation will eventually moderate, easing concerns that the central bank will make a move to ease monetary stimulus measures which could pressure gold. August gold rose $15.10, or 0.8%, to settle at $1,825 an ounce. That was the highest most-active contract finish since June 16, FactSet data show.
9:41 a.m. July 13, 2021 - By Myra P. Saefong
Gold prices finish higher to recoup most of the previous day's lossesGold prices to recoup most of the losses suffered in the previous session. " should help to support the precious metal as it is seen as an inflation hedge," said Fawad Razaqzada, market analyst at ThinkMarkets. Still, high inflation is not necessarily a good thing for gold if it means the Federal Reserve is going to tighten its belt, raising the federal funds rate, he said. August gold rose $4, or 0.2%, to settle at $1,809.90 an ounce after posting a loss of 0.3% on Monday.
9:43 a.m. July 12, 2021 - By Myra P. Saefong
Gold futures hold above $1,800 an ounceGold futures , but held ground above the $1,800-an-ounce mark for a fourth straight session. For gold, it's been a "very slow day in the summer doldrums right now," said Jeff Wright, chief investment officer at Wolfpack Capital. The day saw no significant economic data and Federal Reserve officials have been quiet as well, he said, "so we are going to have to wait the next news item or event which could impact gold." U.S. consumer price index data are due out Tuesday. August gold fell $4.70, or 0.3%, to settle at $1,805.90 an ounce.
9:45 a.m. June 23, 2021 - By Myra P. Saefong
Gold ends at highest price in a weekGold futures , with prices reversing their loss from a day earlier to settle at their highest in a week. Demand for gold is "slowly coming back as Wall Street grows more confident" that despite the Federal Reserve's "pivot over talking about removing stimulus, they are still probably years away from doing tightening," said Edward Moya, senior market analyst at Oanda. August gold rose $6, or 0.3%, to settle at $1,783.40 an ounce, the highest most-active contract finish since June 16, FactSet data show.
9:48 a.m. June 22, 2021 - By Myra P. Saefong
Gold prices end lower, marking their third loss in 4 sessionsGold futures to log a third loss in four sessions ahead of Federal Reserve Chairman Jerome Powell's testimony to the House select subcommittee on the coronavirus pandemic. to be presented at the hearing, Powell said the "Fed will do everything we can to support the economy for as long as it takes to complete the recovery." Last Wednesday, he acknowledged that policy makers have started to discuss the reduction of the central bank's monthly bond purchases. Gold investors have been looking for hints on the Fed's next policy move for guidance on the outlook for gold. August gold fell $5.50, or 0.3%, to settle at $1,777.40 an ounce.
9:42 a.m. June 18, 2021 - By Myra P. Saefong
Gold prices settle at 7-week low, with biggest weekly loss since March 2020Gold futures declined on Friday to mark their lowest settlement in seven weeks, with most-active contract prices marking their largest weekly percentage loss since March of last year. Prices spent part of the day trading higher, but St. Louis Federal Reserve President James Bullard said Friday he expects the central bank to raise its benchmark interest rate in 2022, sending gold prices back toward session lows, said Edward Moya, senior market analyst at Oanda. The Fed's "hawkish tilt made the bond market scramble this week and that chaos has been supportive for the dollar, which was terrible news for bullion," he said. August gold fell $5.80, or 0.3%, to settle at $1,769 an ounce, the lowest finish since April 30. Prices based on the most-active contract lost 5.9% for the week, the biggest decline since the week ended March 13, 2020, FactSet data show.
9:42 a.m. June 17, 2021 - By Myra P. Saefong
Gold futures suffer a sharp drop to their lowest finish since late April Gold futures , with most-active contract prices marking their largest one-day loss of the year and lowest finish since April 30, according to FactSet data. "Gold's overflowing stimulus trade was ended yesterday by the Fed's dot plots," said Edward Moya, senior market analyst at Oanda. The Federal Reserve on Wednesday signaled an interest rate increase sooner than previously expected. "The taper tantrum trade is hitting gold the hardest right now and could last a couple more sessions," said Moya. August gold fell $86.60, or nearly 4.7%, to settle at $1,774.80 an ounce.
4:44 a.m. June 17, 2021 - By Mark Decambre
Gold nosedives Thursday, puts futures on the verge of worst daily drop in 7 monthsGold futures were headed for their biggest one-day loss in about seven months Thursday, following a hawkish turn by the Federal Reserve. August gold contracts were down 4.2% at $1,784.80, which would represent the steepest percentage drop since Nov. 9, FactSet data show. The tumble comes after the Federal Open Market Committee signaled an interest rate rise soon than expected, with its forecasts suggesting two increases in 2023. And the Fed lifted its inflation forecasts for this year and next. The moves helped to jolt the U.S. dollar higher along with benchmark yields for government debt, weighing mightily on the yellow metal.
9:42 a.m. June 15, 2021 - By Myra P. Saefong
Gold futures down a third-straight sessionGold futures to tally a third-straight session decline. Strength in U.S. Treasury yields contributed to price pressures ahead of the Federal Reserve's monetary policy announcement on Wednesday that may offer cues on the metal's next move. "Heading into this Fed meeting a ton of dovishness has already been priced in, so many gold traders have been quick to lock in profits," said Edward Moya, senior market analyst at Oanda. He said the Fed will "finally start to talk about tapering, but that probably won't actually happen until the very end of this year if not early next." Gold volatility will likely remain elevated throughout the initial reaction and days following the central bank's announcement, said Moya. August gold fell $9.50, or 0.5%, to settle at $1,856.40 an ounce, extending its decline to the lowest most-active contract finish since May 14, FactSet data show.
9:34 a.m. June 10, 2021 - By Myra P. Saefong
Gold futures settles higher for a second sessionGold futures 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.
9:39 a.m. June 9, 2021 - By Myra P. Saefong
Gold futures tally a modest rise ahead of U.S. inflation readingGold futures as investors awaited . Gold has struggled to hold a close above $1,900 recently, and while 10-year U.S. Treasury yields have moved lower, "this hasn't had the same bullish impetus for gold as it previously has," said David Russell, director of marketing at GoldCore. This may be due to the Federal Reserve "working hard to talk down inflation expectations and as a result, keeping real yields constrained." Still, all eyes will be on the inflation figures due to be released Thursday, he said. "If a lower than expected figure is seen, then expect gold to sell off in the short term," while a higher than expected number "may very well give gold the fillip it needs to break resistance and start the next leg in this bullish cycle." August gold rose $1.10, or nearly 0.1%, to settle at $1,895.50 an ounce.
9:39 a.m. May 20, 2021 - By Myra P. Saefong
Gold prices shake off early losses to tally a sixth straight gainGold futures gave up early losses Thursday to , up a sixth straight session. "Vagueness on tapering" in the , released Wednesday, and the Fed taking a "'hawkish' stance on interest rates, along with less concern for inflation than the Fed would historically take" contributed to gold's rise Thursday, said Jeff Wright, chief investment officer at Wolfpack Capital. Gold may still move higher, but "will face resistance and profit taking above $1,900," said Wright. June gold added 40 cents, or 0.02%, to settle at $1,881.90 an ounce, with prices eking out a sixth straight session rise, the longest streak of consecutive gains so far this year, according to FactSet data.
9:44 a.m. May 19, 2021 - By Myra P. Saefong
Gold prices log a fifth straight rise as a drop in bitcoin supports the metalGold futures , extending their rally to a fifth straight session, with a prompting investors to seek refuge in the precious metal. This year, bitcoin and cryptocurrencies saw much more investment demand and retail participation than gold, but Wednesday's plunge in cryptocurrencies "wiped-out some of the short-term traders," said Chintan Karnani, director of research at Insignia Consultants. "These wiped out traders have sought refuge in gold," he said. Investors also awaited the release of minutes from the Federal Reserve's April meeting, due out shortly, for clues on how the central bank will address evidence of pricing pressures in the economy. June gold added $13.50, or 0.7%, to settle at $1,881.50 an ounce, with prices for the most-active contract ending at their highest since Jan. 7, according to FactSet data.
9:51 a.m. May 17, 2021 - By Myra P. Saefong
Gold prices climb to highest finish since JanuaryGold futures on in more than week to mark the highest settlement since January. Prices finished higher on the back of weakness in the U.S. dollar as well as losses in the U.S. benchmark stock indexes. Also providing support, Monday that the U.S. economy hasn't hit the benchmark of "substantial further progress" needed for the Federal Reserve to scale back asset purchases. June gold climbed $29.50, or 1.6%, to settle at $1,867.60 an ounce, with prices for the most-active contract at their highest since Jan. 7, according to FactSet data.
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