Amid a surge in open interest in precious metals futures, front-month gold futures settle up 0.4% to $2,755 an ounce, the third-highest close in history.
It marks the eighth trading session out of the past 10 where gold finishes higher, and is the highest close since Oct. 30—when gold settled at its all-time high.
Tariff worries took a backseat in today’s trading, as threats of a 25% tariff on Mexican and Canadian goods were not formalized via any executive order.