Gold finishes at more than 2-year high

Gold futures closed sharply higher Tuesday, with the yellow metal finishing at its highest level in more than two years as skittish investors sought out haven assets.

December gold GCZ6, -0.16%  gained $13, or 1%, to settle at $1,372.60 an ounce, after notching a modest 0.2% rise Monday. The metal booked its highest close since March 2014, according to FactSet data based on the most active contract.

Concerns about ineffective measures by central banks to prop up flailing economies in Japan and Europe, and renewed expectations that a rate increase by the Federal Reserve is unlikely soon, have piqued interest in precious metals.

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