Gold futures on Tuesday posted their best settlement since early November as jitters surrounding the oil market and China helped make the metal more attractive to investors.
February gold rose $14.90, or 1.4%, to settle at $1,120.20 an ounce–its highest settlement price since Nov. 2, according to FactSet data.
The climb came amid a volatile day on the financial markets, with oil sliding below $30 a barrel before staging a rally. Oil’s early decline had helped feed a sharp stock selloff in China, where the Shanghai Composite Index closed 6.4% lower.
Source : Marketwatch