Gold turns up after weak inflation data

14-Jun (MarketWatch) — Gold futures turned higher Thursday in a bid to extend a four-session winning streak, after a report on U.S. inflation fanned expectations that the Federal Reserve will embrace fresh monetary-policy stimulus.

Gold for August delivery rose $6.10 or 0.4% to $1,625.50 an ounce on the Comex division of the New York Stock Exchange, climbing back toward the contract’s intraday high of $1,629.


This entry was posted in Gold News, inflation. Bookmark the permalink.

Comments are closed.