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

By Mark DeCambreMarketsMarketWatch Pulse

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.

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