Gold scores highest finish since late October

Gold futures climbed on Thursday as further weakness in the U.S. dollar and haven demand for the metal lifted prices to their highest settlement level since late October.

April gold GCJ6, -0.18%  added $16.20, or 1.4%, to settle at $1,157.50 an ounce—the highest closing level for futures prices since Oct. 28.

For now, it is all about the dollar, with traders starting to unwind their bullish bets on the greenback, said Ken Ford, president of Warwick Valley Financial Advisors.

And “the markets are adjusting to the possibilities that the [Federal Reserve] is ‘one and done,’” with raising interest rates, said Ford.

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