Daily Gold Update

Source: Marketwatch

San Francisco— Gold futures closed almost $8 an ounce higher Thursday as news that the U.S. economy slowed to a crawl in the first quarter helped boost investment demand for the precious metal.

But prices still suffered a monthly loss of more than 3% with the U.S. dollar trading higher for the month of May on lower odds of a rate cut in the U.S. See full story.