Gold futures settled higher on Tuesday, rebounding from a nearly six-year low as Turkey’s downing of a Russian jet fighter lifted safe-haven interest in the metal.Gold for December delivery on Comex GCZ5, +0.47% rose $7, or 0.7%, to settle at $1,073.80 an ounce. Futures on Monday had settled at their lowest level since February 2010 amid a broad commodity rout brought on by strength in the U.S. dollar.
December silver SIZ5, +0.40% also rose 12.7 cents, or 0.9%, to $14.159 an ounce. Silver ended Monday at its lowest level since 2009.
Gold, a traditional safe haven, got a lift after Turkey’s military shot down a Russian jet fighter along the Syrian border. Turkey said the plane violated Turkish airspace and ignored warnings to return.
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