The Chicago Entrepreneur

Gold futures mark first gain in 4 sessions

Gold futures finished higher on Wednesday, finding support with investors wary of Russia’s pledge a day earlier to scale back some military options. News reports said Russia shelled areas of Ukraine that were part of that pledge. That contributed to losses in U.S. benchmark stock indexes, renewing haven demand for gold. June gold settled at $1,939, up $21, or 1.1%. Prices had settled Tuesday at their lowest since March 16, FactSet data show.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Previous post Oil futures settle higher with some traders skeptical of progress in Russia-Ukraine talks
Next post Tilray shares up 2.4% in higher-than-average volume amid hopes for MORE Act, although analysts are skeptical it will pass