Gold Futures Settle At a Nearly Two-year High

By Myra P. SaefongMarketsMarketWatch Pulse

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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