Gold futures rose for a fourth straight day Tuesday to their highest settlement in a month, as U.S. data showed annual inflation climbed above 8% in March for the first time in 40 years.
The U.S. rate of inflation in the past year moved up to 8.5% in March from 7.9%, the government said Tuesday. The last time inflation breached 8% was in January 1982. The consumer price index jumped 1.2% last month — the largest monthly gain since Hurricane Katrina in 2005 — driven by the higher cost of gasoline, food and housing.
“Gold…
