Gold futures settled
above $1,300 an ounce for the first time since August after the European
Central Bank expanded stimulus measures, boosting demand for the metal
as a store of value.
Gold futures for
February delivery rose 0.5 percent to settle at $1,300.70 an ounce at
1:42 p.m. on the Comex in New York. Aggregate trading was 51 percent
more than the 100-day average, according to data compiled by Bloomberg.
Bullion priced in euros jumped to the highest since April 2013, extending the year™s advance to 17 percent.
On the New York
Mercantile Exchange, palladium futures for March delivery rose 0.5
percent to $772.30 an ounce. Platinum futures for April delivery rose
0.7 percent to $1,284.80 an ounce.
Source: Bloomberg
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