Gold futures finished higher Thursday, with tightening supplies for the commodity, worries about the economic impact of the COVID-19 pandemic, and rising tensions in the Middle East lifting bullion prices for a second session.
Gold for June delivery on Comex rose $7.10, or 0.4%, to settle at $1,745.40 an ounce. Prices had traded as high as $1,764.20, but still saw the highest finish for a most-active contract since April 14 after settling Wednesday up 3%, according to FactSet data.
May silver, meanwhile, picked up 2.2 cents, or 0.1%, to end at $15.357 an ounce, after the white metal advanced more than 3% on Wednesday.
For the week thus far, gold is on pace for a gain of around 2.7%, while silver futures are looking at a climb of 0.4%.
Source: Marketwatch