Gold Futures Settle At a Nearly Two Week High

By Markets MarketWatch Pulse

Gold futures rallied on Wednesday as a plunge in oil prices fueled a drop in U.S. equities, lifting the metal's appeal as a haven investment. February gold rose $17.10, or 1.6%, to settle at $1,106.20 an ounce on Comex. That was the highest settlement for a most-active contract since Jan. 7, according to FactSet.

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