Gold futures post gains for the session, month and quarter

Gold futures settled higher Thursday, posting a gain for the month as well as the quarter. “Gold will remain headline driven and seems poised to make another run higher as the latest Russian move on gas contracts suggests a breakthrough in peace talks seems very far away,” said Edward Moya, senior market analyst at OANDA. Russia issued a decree Thursday, demanding payment for natural gas in rubles, but left a loophole to allow dollar and euro payments through a designated bank, the Associated Press reported. June gold rose $15, or 0.8%, to settle at $1,954 an ounce. Based on the most-active contract, prices rose 2.8% for the month, but ended the quarter with a gain of 6.9%, according to Dow Jones Market Data.

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