Gold futures settle at highest in about a month

Gold futures rose Wednesday to settle at their highest since mid-September. Prices got a boost after the U.S. consumer-price index reading revealed a climb of 0.4% for September, compared with expectations for a 0.3% increase. Gold benefitted from its role a hedge for inflation, analysts said. Weakness in the U.S. dollar and Treasury yields following the inflation data also helped support prices for the precious metal. December gold climbed by $35.40, or 2%, to settle at $1,794.70 an ounce. Prices for the most-active contract marked their higher finish since Sept. 15, 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.

Gold futures settle at highest in about a month
Gold futures rose Wednesday to settle at their highest since mid-September. Prices got a boost after the U.S. consumer-price index reading revealed a climb of 0.4% for September, compared with expectations for a 0.3% increase. Gold benefitted from its role a hedge for inflation, analysts said. Weakness in the U.S. dollar and Treasury yields following the inflation data also helped support prices for the precious metal. December gold climbed by $35.40, or 2%, to settle at $1,794.70 an ounce. Prices for the most-active contract marked their higher finish since Sept. 15, 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.