Gold futures settled higher Wednesday to recover from losses a day earlier that dragged prices to a more than three-week low. The metal gained on Wednesday in what appeared to be quarter-end short covering, said Chintan Karnani, chief market analyst at Insignia Consultants. Prices based on the most-active contracts for the metal, however, registered a loss of nearly 10% for the quarter, the largest since the fourth quarter of 2016, FactSet data show. April gold rose $29.90, or 1.8%, to settle at $1,713.80 an ounce for the session.
