Gold traded at its highest price in five months Tuesday, boosted by a flight to safety after the Swiss National Bank last week triggered turmoil in currency markets and investors looked ahead to this week’s meeting of the European Central Bank.
Meanwhile, the International Monetary Fund added to jitters as it cut its forecast for global growth.
Gold for February delivery GCG5, +1.19% was up $10.50, or 0.8%, at $1,287.40 an ounce, after trading as high as $1,294.30, the highest level since August. March silver futures SIH5, +0.87% advanced 8 cents, or 0.5%, to $17.83 an ounce.
