Gold marked a second straight session climb on Thursday, edging closer to $1,300 an ounce to settle at its highest since mid-June as losses in the U.S. stock market, along with weakness in the dollar, lifted the metal's appeal as a haven investment. February gold rose $10.70, or 0.8%, to settle at $1,294.80 an ounce. That was the highest finish for a most-active futures contract since June 14, according to FactSet data.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.