Gold futures posted their highest close in two weeks on Monday, buoyed by expectations that weak jobs data lessen the likelihood of a June U.S. interest-rate increase.But futures prices pulled back from the session’s best levels ahead of the close as Federal Reserve Chairwoman Janet Yellen, didn’t explicitly rule out the possibility of a rate increase at the central bank’s meeting later this month.
August gold GCQ6, -0.06% climbed by $4.50, or 0.4%, to settle at $1,247.40 an ounce after trading as high as $1,251.30. The settlement was the highest since May 23.
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