Gold Futures Top $1,230 An Ounce For Highest Finish In Nearly 3 Months

By Myra P. SaefongMarketsMarketWatch Pulse

Gold futures climbed Monday to mark their highest finish in almost three months. Declines in Treasury yields, weakness in the U.S. dollar year to date, and uncertainty surrounding the U.S. economic outlook helped support demand for gold as a safe-haven investment. April gold rose $11.30, or 0.9%, to settle at $1,232.10 an ounce. That was the highest finish for a most-active contract since Nov. 10, according to FactSet data.

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