Gold futures on Wednesday logged their highest settlement in more than five weeks after weaker-than-expected U.S. retail sales helped pressure the dollar and raised expectations that the Federal Reserve will push back plans for an interest-rate hike.Gold for June delivery on Comex GCM5, -0.41% rose $25.80, or 2.2%, to settle at $1,218.20 an ounce. That’s the highest close since April 6, based on the most-active contracts.
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