Gold futures mark highest finish in over a week

0

Gold futures climbed Monday for a second straight session, settling at their highest in over a week. “Disappointing economic data out of China and a lacklustre U.S. Empire manufacturing survey for August, has seen U.S. 10-year [Treasury] yields slip back further after their sharp fall on Friday,” said Michael Hewson, chief market analyst at CMC Markets UK. That helped push gold prices higher “on concerns over a weaker growth outlook as we head into the autumn.” December gold
GCZ21,
+0.17%
climbed $11.60, or nearly 0.7%, to settle at $1,789.80 an ounce. Prices for the most-active contract ended the session at the highest since Aug. 5, FactSet data show.

Source

Leave A Reply