Gold Prices Mark a Six-week High

By Myra P. Saefong Markets MarketWatch Pulse

Gold prices scored their first gain in four sessions Thursday. A Federal Reserve policy update was read as mostly dovish by investors, lifting prices to their highest finish since mid-June, even as a key gauge for the U.S. dollar rebounded from a drop to its lowest level in over a year. August gold rose $10.60, or 0.9%, to settle at $1,260 an ounce. That was the highest settlement since June 14, according to FactSet data.

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