Gold futures climbed back above $1,100 an ounce on Wednesday to settle at their highest level in almost two weeks, as oil prices renewed their slump and dragged global stock markets along with for the ride, lifting the metal’s investment appeal.February gold GCG6, -0.58% gained $17.10, or 1.6%, to close at $1,106.20 an ounce on Comex—the highest settlement since Jan. 7, according to FactSet.
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