Gold futures settled at their highest level in more than two weeks on Tuesday, as a selloff in global stock markets and downbeat economic data helped boost the metal’s investment appeal.Prices for the metal had posted declines in five of the last six sessions, as investors weighed prospects for a U.S. rate increase and on fears about China’s economic growth linger.
Gold futures for December delivery GCZ5, -0.16% rose $7.30, or 0.6%, to settle at $1,139.80 an ounce on Comex. That was the highest settlement since Aug. 24.
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