Gold prices rallied Wednesday to their highest finish in more than a year as the ICE U.S. Dollar Index dropped nearly 1% to its lowest level since late 2014–boosting demand for the precious metal, which is traded in the greenback. February gold rose $19.60, or 1.5%, to settle at $1,356.30 an ounce. That was the highest finish for a most-active futures contract since Aug. 18, 2016, according to FactSet data.
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