Gold futures rose on Thursday, posting gains for the second straight session. Gold “found good support after an initial fall in response to hotter than expected inflation data,” said Fawad Razakzada, market analyst at ThinkMarkets. Gold investors seem to agree with the Federal Reserve’s assertion that “inflation will decline in the coming months, which means rates will remain low for a longer period,” he said. August gold GCQ21,
rose 90 cents, or nearly 0.1%, to $ 1,896.40 an ounce.