Gold futures finish at highest level since mid-May

Gold futures climbed on Thursday to settle at their highest levels since mid-May, finding support from expectations the Federal Reserve will keep U.S. interest rates on hold in the coming months.

The possibility that the United Kingdom may leave the European Union, inviting global market and economic volatility, also bolstered the yellow metal.

August gold GCQ6, -0.27%  rose $10.40, or 0.8%, to settle at $1,272.70 an ounce. The futures settlement was the highest since May 18.

The SPDR Gold Trust GLD, +0.56%  edged up by 0.6%, while the VanEck Vectors Gold Miners ETF GDX, +1.54% rose 1.5% Thursday; GDX is up more than 16% so far in June.

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