Gold Market Update : Epic Research Singapore

Gold futures climbed past the key $1,250-an-ounce level on Thursday, resulting in its strongest settlement in more than a year as U.S. economic might again looked vulnerable.

The U.S. Federal Reserve’s beige book report, released late Wednesday, offered a more downbeat tone about economic activity through late February and economic reports Thursday showed weakness, lifting the precious metal’s investment appeal.

April gold GCJ6, +0.29%  climbed $16.40, or 1.3%, to settle at $1,258.20 an ounce. The settlement was the highest since Feb. 5, 2015, according to data from Dow Jones. The precious metal is looking at a roughly 3% return for this week.

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