Gold Futures End At Three-week High; Silver Posts Best Daily Gain Since April

Gold futures on Wednesday finished at their highest level in three weeks as the U.S. dollar weakened and fears of an interest-rate rise, which might diminish the appeal of the metal, faded. August gold gained $15.30, or 1.2%, to settle at $1,262.30 an ounce, marking its best close since May 18, according to FactSet data. Precious metals enjoyed a bump as a weaker dollar , boosted the appeal of dollar-priced commodities, making them cheaper for buyers using other monetary units. July silver also soared, rising 60 cents, or 3.7%, to close at $16.99 an ounce, marking its best daily advance since April 19.