-- 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.

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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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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