Gold futures settled higher Wednesday, scoring a partial rebound after a drop to a nearly four-month low a day earlier as investors sought refuge in the metal.Silver and copper also gained after concerns over China’s growth fueled hefty declines Tuesday for industrial metals.
Gold for August delivery on Comex GCQ5, -0.57% rose $10.90, or 1%, to settle at $1,163.50 an ounce. The metal shed $20 an ounce on Tuesday, as investors showed disappointment that gold failed to catch a haven bid against the backdrop of Greece’s fiscal turmoil.
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