Gold futures climbed Thursday, with a steep decline in U.S. Treasury bond yields prompting prices to settle at their highest since late February. Gold also garnered some support as upbeat U.S. economic data lifted inflation prospects. Rising U.S. tensions with China and Russia helped to boost gold’s haven appeal, as well, according to one analyst. June gold
GCM21,
+1.76%
rose $30.50, or 1.8%, to settle at $1,766.80 an ounce. That was the highest finish for a most-active contract since Feb. 25 and largest one-day dollar and percentage gain since March 9, according to FactSet data.
