Gold Market Update : Epic Research Singapore

Gold futures marked their highest settlement in more than a week on Wednesday as a U.S. report on home sales fueled nervousness in financial markets, driving investors out of assets viewed as risky, like stocks, and into those perceived as safe.

April gold GCJ6, -0.46%  climbed $16.50, or 1.4%, to settle at $1,239.10 an ounce. The settlement was the highest since Feb. 12. Prices, which rose 1% Tuesday, touched an intraday high of $1,254.30.

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