Gold futures on
Tuesday posted their best settlement since early November as jitters
surrounding the oil market and China helped make the metal more
attractive to investors.
February gold rose
$14.90, or 1.4%, to settle at $1,120.20 an ounce–its highest settlement
price since Nov. 2, according to FactSet data.
The climb came amid a
volatile day on the financial markets, with oil sliding below $30 a
barrel before staging a rally. Oil’s early decline had helped feed a
sharp stock selloff in China, where the Shanghai Composite Index closed
6.4% lower.
Source : Marketwatch
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