Gold, Silver Futures Rally For a Fourth Straight Session

By Markets MarketWatch Pulse

Gold and silver futures rallied on Thursday, with gold settling at its highest level in seven weeks and silver again finishing at its best level since May. Decisions by the U.S. Federal Reserve and Bank of Japan to stand pat on interest rates put pressure on the dollar, providing support for the dollar-denominated precious metals. June gold added $16, or 1.3%, to settle at $1,266.40 an ounce and July silver settled at $17.588 an ounce, up 25.3 cents, or 1.5%.

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