Skip to main content

MoneyWorks4Me

Gold futures finish higher after faster than expected US inflation

11 Jun 2021 Evaluate
Gold futures finished higher on Thursday, extending gains to the second straight session with the hedge appeal of the bullion after consumer price index surged than expected of about 5% jump than earlier. However stronger dollar limited gains.

Gold futures for August rose by 0.1% or 90 cents at $1896.40 an ounce on the Comex division of the New York Mercantile. Spot gold was up by 0.3% at $1,893.75 per ounce.