Gold futures book back-to-back session gains

Gold futures ended higher on Thursday for a second straight session, extending a rebound from the more than one-month low prices settled at earlier this week. A decline in the U.S. stock market amid concerns about the economic outlook in the wake of the Federal Reserve’s largest interest-rate hike since 1994, helped provide support for the precious metal. August gold rose $30.30, or 1.7%, to settle at $1,849.90 an ounce. Prices on Tuesday marked the lowest most-active contract finish since May 13, FactSet data show.

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