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Metals Stocks: Gold futures score largest monthly gain in 3 years

Gold futures edged higher on Friday and scored their biggest monthly percentage gain in three years following a climb to a nearly six-year higher earlier in the week.

“Gold has surged over the past month as the [U.S. Federal Reserve’s] amazing turn from hawks at the beginning of the year to doves today has finally shifted investor expectations,” said Brien Lundin, editor of Gold Newsletter. “Investors have finally realized that we’ll have ultra-low to negative real rates for long into the future, which is an extremely bullish tailwind for gold.”

August gold GCQ19, +0.07% rose $1.70, or 0.1%, to settle at $1,413.70 an ounce.

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