Gold futures settle at the highest point since June 22, with analysts citing Middle East peace efforts as easing global inflation concerns and directing more money back to precious metals, says Rhona O'Connell of StoneX in a note. She adds that gold ETFs remain on weak footing. "Gold ETFs are still friendless," she says. Front-month gold futures finish up 1% to $4,155.10 a troy ounce. Silver gains 2.1%, to $61.92 a troy ounce. For silver, it's the fourth consecutive higher close. (kirk.maltais@wsj.com)
Dow Jones Newswires
Gold Rebounds to Highest Level in Two Weeks — Market Talk
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Gold futures settle at the highest point since June 22, with analysts citing Middle East peace efforts as easing global inflation concerns and directing more money back to precious metals, says Rhona O'Connell of StoneX in a note. She adds that gold ETFs remain on weak footing. "Gold ETFs are still…