Gold ends at nearly 17-month high, but slips back under $1,300

Gold futures rose for a seventh straight session Thursday, but settled back below the closely watched $1,300 mark, finding support as the Federal Reserve stirred already percolating global growth concerns and developments surrounding the U.K. referendum fueled further economic uncertainty.

But gold prices significantly pared their gains Thursday following news that British lawmaker Jo Cox died following a shooting attack, prompting both sides in the referendum debate to suspend campaigning for the day.

August gold GCQ6, -1.12%  rose $10.10, or 0.8%, to settle at $1,298.40 an ounce, trading well below the intraday high of $1,318.90.

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