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Gold futures settles at highest in a month

37249 gold futures settles at highest in a month

Gold futures rose Tuesday for a fourth straight session, with prices marking their highest settlement in a month. The precious metal is seen as a hedge against inflation and U.S. data Tuesday showed that annual inflation rose above 8% in March for the first time in 40 years. June gold GCM22, +1.39% rose $27.90, or 1.4%, to settle at $1,976.10 an ounce, the highest most-active contract finish since March 11, FactSet data show.

Source: Marketwatch

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