Gold futures mark their highest settlement since August
Gold futures climbed on Thursday to finish at their highest price since August, buoyed by weakness in the U.S. dollar and Treasury yields after Federal Reserve Chairman Jerome Powell indicated that policy makers may deliver a smaller rate increase this month. Gold for February delivery rose $55.30, or 3.1%, to settle at $1,815.20 an ounce on Comex. Based on the most-active contracts, prices ended at their highest since Aug. 12, FactSet data show.
(END) Dow Jones Newswires
December 01, 2022 13:50 ET (18:50 GMT)
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