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Gold futures rose Wednesday to settle at a fresh eight-month high. The market is “laser focused” on U.S. consumer price index data due out Thursday, and if CPI comes in lower than anticipated “this could be supportive for gold,” said Jeff Wright, chief investment officer at Wolfpack Capital. Still, even if gold goes over $1,900, “I am anticipating profit taking in the near term.” Gold for February delivery GCG23 rose $2.40, or 0.1%, to settle at $1,878.90 an ounce on Comex, the highest most-active contract finish since May 6, FactSet data show.
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