Gold futures settled $152.60 higher (+3.7%) at $4,305.20/oz, as a weaker U.S. dollar and lower Treasury yields increased demand for the safe-haven metal. Investors also weighed easing inflation pressures and awaited upcoming U.S. employment data for further clues on the Federal Reserve’s interest rate outlook.
Newmont Corporation (NEM 104.27, +6.54, +6.69%) among the day’s best-performing S&P 500 components.
U.S. Dollar Index is down about -0.2% to $99.67.