Gold futures stretch gains into a sixth straight session

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Gold futures climbed on Thursday, stretching their winning streak into a sixth straight session to mark another settlement at the highest since mid-June. The move up for gold follows a 1% rise in prices a day earlier, “when it surged following the inflation report as traders sought out an old friend in the face of higher inflation,” said Craig Erlam, senior market analyst at Oanda. December gold GCZ21, -0.22% rose $15.60, or 0.8%, to settle at $1,863.90 an ounce, the highest most-active contract finish since June 14, according to FactSet data.

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

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