Gold scores highest settlement in four months

Gold futures settled higher on Thursday for a fifth straight session to score their highest settlement in about four months.

Thursday’s gain lifted gold futures into positive territory year to date. Speculation over an end to the metal’s downtrend is growing as gold find support on the back of declines in the U.S. dollar over the past few weeks.

Gold futures for December delivery GCZ5, -0.89% gained $7.70, or 0.7%, to settle at $1,187.50 an ounce on Comex. That was the highest settlement since June 19, for a most-active contract.

Year to date, prices are up 0.3% from the $1,184.10 settlement on Dec. 31.

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