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Gold clambers up near $1,290 as global markets sink in 2019

January 2, 2019

Gold futures on Wednesday climbed to the highest level since the summer as a global market equity decline helped to fuel appetite for so-called haven assets.

February gold futures GCG9, +0.50% gained $7.90, or 0.6%, at $1,289.20 an ounce, heading toward its best settlement since mid June, according to FactSet data. On Monday, gold notched a roughly 2% drop for 2018, but ended up 4.6% in December and 7.2% higher over the last three months of the year.

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