Gold futures book best settlement in 3 months

Gold futures on Monday register their highest settlement in about three months, as a slide in oil and the U.S. stock market highlighted continued demand for assets perceived as havens amid jitters about the global economy.

April gold GCJ6, -0.18%  gained $11.60, or 1%, to settle at $1,128 an ounce. The settlement was the highest since Nov. 2. Prices for the precious metal had already gained 5.3% in January.

“Gold’s strength is based on flight to safety from the world’s money-printing central banks,” Michael Armbruster, principal and co-founder at Altavest, told MarketWatch.

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