Corp 1000

: Gold futures end at their highest since June after CPI data

Gold futures climbed sharply on Tuesday to settle at their highest since June. A lower-than-expected November reading of the U.S. consumer price index fed expectations of a slowdown in the Federal Reserve’s pace of interest-rate hikes. “Gold bulls are far from alone in hoping and praying for a Fed pivot in 2023,” said Adrian Ash, director of research at BullionVault. Gold for February delivery GCG23 rose $33.20, or nearly 1.9%, to settle at $1,825.50 an ounce on Comex. That’s the highest finish for the most-active contract since June 24, FactSet data show.

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

Previous post Biden signs Respect for Marriage Act into law, protecting same-sex and interracial unions
Next post Marco Rubio introduces bill looking to ban TikTok in the U.S. over China ties