Gold Futures Settle At a Nearly Two-year High

Gold futures rallied Friday to settle at their highest level in almost two years as the U.K.'s plans to leave the European Union lifted the metal's appeal as a safer investment. Gold for August delivery jumped $59.30, or 4.7%, to settle at $1,322.40 an ounce. That was the strongest settlement for a most-active gold futures contract since July 2014, according to FactSet data. For the week, prices gained roughly 2.1%.

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