: Gold futures log highest settlement since mid-June

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Gold futures climbed on Tuesday to settle at their highest since mid June. “Fear and doubt across wider financial markets mean gold and silver have begun 2023 with a typical New Year surge, attracting speculative inflows as traders see weak growth, high inflation and a worsening geopolitical outlook ahead,” said Adrian Ash, director of research at BullionVault. Gold for February delivery GCG23, +0.93% rose $19.90, or 1.1%, to settle at $1,846.10 an ounce on Comex. That was the highest finish for a most-active contract since June 16, FactSet data show.

This article was originally published by Marketwatch.com. Read the original article here.

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