Gold Headed for Best Quarter in Nearly 30 Years

by Rachel Koning Beals
Market Watch

Gold futures ticked higher Thursday, on track to mark their best quarterly performance in some three decades. Bullion has benefited as a dovish Federal Reserve policy stance has softened the high-flying U.S. dollar’s run seen early this year.

June gold gained $9.70, or 0.8%, to $1,238.40, after a 0.7% drop on Wednesday.

Some mild back-and-forth swings in late March have barely dented gold’s three-month performance. After a nearly 11% rise in February, spot gold prices lost about 1% in March. But gold is up more than 15% in the first three months of the year, its strongest quarterly showing since the third quarter of 1986.

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