Gold Settles At Highest Level In 2 Years

By Mark DeCambreMarketsMarketWatch Pulse

Gold futures closed sharply higher Tuesday, with the yellow metal finishing at its highest level in more than two years. Flagging appetite for assets perceived as risky, including crude-oil and stocks, helped draw bids for haven assets, like precious metals. December gold closed up $13, or 1%, at $1,372.60 an ounce. Gold booked its best finish for a most-active contract since March 2014, according to FactSet data.

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