Updated April 13, 2023 at 5:19 p.m. ET
Gold prices hit their highest level of the year on Thursday, driven by bets that inflation would remain strong despite recent declines.
The most actively traded gold futures contract stood at $2,055.30 per troy ounce, up 13% year to date. This also placed him within striking distance of It’s a recordreached in summer 2020.
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