Gold futures hit a high since late February

Gold futures were higher on Thursday, marking the largest daily gain in a month and the highest finish since late February. The precious metal rose after Federal Reserve Chairman Jerome Powell said Thursday that the central bank wants to see actual evidence of a strong economy before it even considers abandoning its soft policies. June gold GCM21,
+ 0.82%
Comex rose $ 16.60, or nearly 1%, to $ 1,758.20 an ounce. This was the highest percentage of contracts awarded since February 25, according to FactSet.