Metals Stocks: Gold settles at a more-than-3-month high as global stocks, Treasury yields sink

Gold futures rose Tuesday to score their highest finish in more than three months, with global equity markets suffering from sharp losses, partly sparked by the resurgence of global growth fears as China halted a two-session rally.

December gold GCZ8, +0.74% rose $12.20, or 1%, to settle at $1,236.80 an ounce, lifting bullion to the highest settlement for a most-active contract since July 16, according to FactSet data.

A flight to the safety of traditional havens, like gold, came after the Shanghai Composite Index SHCOMP, -2.26%gave back part of a two-day rally, falling 2.3%. In the U.S.

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