Gold futures halt losing streak to finish higher

Gold futures finished higher on Thursday, putting an end to the 10-session losing streak that sent prices to their lowest level in more than five years.

August gold GCQ5, -1.14%  added $2.60, or 0.2%, to settle at $1,094.10 an ounce on Comex. September silver SIU5, -0.76%  ended down 2.9 cents, or 0.2%, at $14.701 an ounce.

“Gold is being ‘stepped on’ by world events—rumors of massive Chinese margin calls have Chinese investors liquidating gold, elsewhere flight to safety capital currently prefers the Swiss Franc, U.S. dollars or U.S. Treasurys over gold,” and there are concerns that the U.S. Federal Reserve will raise rates this year, said Patrick Kerr, owner of private-investment firm The Kerr Organization.

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