Gold Futures Settle At a More Than Five-week High

MarketWatch Pulse

Gold futures rose above $1,200 an ounce on Wednesday to settle at their highest since April 6. Weaker-than-expected U.S. retail sales helped pressure the dollar and raised expectations that the Federal Reserve will push back plans for an interest-rate hike. June gold rose $25.80, or 2.2%, to settle at $1,218.20 an ounce on Comex.

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