Gold futures score best quarterly gain since 1986

Gold futures edged higher on Thursday to finish out the quarter more than 16% higher.

The metal has benefited from the U.S. Federal Reserve's dovish stance on monetary policy. June gold GCM6, -0.01% added $7, or 0.6%, to settle at $1,235.60 an ounce.

For the quarter, prices climbed roughly 16.4%, according to FactSet, which was the largest quarterly gain since the third quarter of 1986.

They ended the month less than 0.1% higher.

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