Markets

-- Gold Closes Higher as Drop in Equities Boosts Metal's Appeal

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April gold futures added 0.7% in today's session to settle at $1,606.20 an ounce on the Comex division of the New York Mercantile Exchange.

The most active contract, gold for June delivery added 0.6% to settle at $1,607.20 an ounce.

This is the first session in four that gold closed higher. Causing the climb was a fall in U.S. equities which made the metal more appealing as an investment. In addition, continuing euro zone fears, following developments in Italy, gave gold extra upside impetus.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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