Published: May 3, 2023 at 1:54 p.m. ET
Gold futures marked back-to-back session gains on Wednesday, marking another at their highest since mid-April. Michael Armbruster, managing partner at Altavest, attributes gold’s strength to “a classic flight to safety given a world of uncertainty.” Gold for June delivery GCM23 settled at $2,037 an ounce on Comex, up $13.70, or 0.7% for the session after climbing 1.6% on Tuesday. Wednesday’s settlement was the highest for a most-active contract since April 13, FactSet data show.
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Gold futures marked back-to-back session gains on Wednesday, marking another at their highest since mid-April. Michael Armbruster, managing partner at Altavest, attributes gold’s strength to “a classic flight to safety given a world of uncertainty.” Gold for June delivery
GCM23
settled at $2,037 an ounce on Comex, up $13.70, or 0.7% for the session after climbing 1.6% on Tuesday. Wednesday’s settlement was the highest for a most-active contract since April 13, FactSet data show.
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