Thursday 15 October 2015

Gold futures log highest close in almost 4 months

Gold futures climbed Wednesday to log a fourth straight session of gains, as a weaker U.S. dollar helped prices finish at their highest level in almost four months.

Gold for December delivery GCZ5, +0.46%  gained $14.40, or 1.2%, to settle at $1,179.80 an ounce on Comex.

Meanwhile, December silver SIV5, +0.20% tacked on 21 cents, or 1.3%, to $16.117 an ounce.

The settlements for both gold and silver were the highest since June 22, based on the most-active contracts.

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