Gold prices jumped to a 4-month high on Thursday as European shares and the dollar turned lower after a shock move by Switzerland to abandon its three-year cap on the franc sent Europe's shares and bond yields tumbling.
U.S. gold futures for delivery in February settled $30.30 higher, at $,264.80 an ounce, its highest close since early September.
Spot gold rose as much to its highest level since Sept. at $1,260.30 an ounce in earlier trade and was last up 2.3 percent at $1,257 an ounce.
