WASHINGTON (dpa-AFX) - Gold futures settled notably higher on Thursday, buoyed by optimism about interest rate cuts and the outlook for demand from China.The dollar's strength following fairly
WASHINGTON - Gold futures settled notably higher on Thursday, buoyed by optimism about interest rate cuts and the outlook for demand from China.The dollar index climbed to 101.58 around later morning before easing to around 101.34.
Gold futures for September ended higher by $23.10 or about 0.92% at $2,525.70 an ounce, a new record closing high. With the upward revision, the pace of GDP growth in the second quarter showed an even faster acceleration compared to the 1.4% jump in the first quarter. The report also showed modest downward revisions to the pace of consumer price growth during the second quarter.
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