Gold futures rose for a third straight session on Thursday, with prices posting another finish at their highest since mid-June. Prices for the precious metal have risen sharply after the June readings in the U.S. consumer price on Wednesday and producer price index Thursday revealed a slowdown in inflation. Traders are expecting an end to interest-rate hikes, and the U.S. dollar index has “crashed,” said Chintan Karnani, an independent consultant who’s tracked the gold market for the last 20 years. Gold for August delivery
GCQ23,
rose $2.10, or 0.1%, to settle at $1,963.80 an ounce on Comex. That was the highest most-active contract finish since June 16, FactSet data show.
