Gold futures jumped 4.5% on Thursday to settle at their highest level in about a year as steep losses in global stock markets helped to lift the metal’s investment appeal. April gold rose $53.20 to settle at $1,247.80 an ounce on Comex, after tapping an intraday high of $1,263.90. The settlement was the highest since Feb. 5, 2015.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News