Gold settles higher; downed Russian warplane spurs haven buying

Gold futures settled higher on Tuesday, rebounding from a nearly six-year low as Turkey’s downing of a Russian jet fighter lifted safe-haven interest in the metal.

Gold for December delivery on Comex GCZ5, +0.35%  rose $7, or 0.7%, to settle at $1,073.80 an ounce. Futures on Monday had settled at their lowest level since February 2010 amid a broad commodity rout brought on by strength in the U.S. dollar.

December silver SIZ5, +0.29%  also rose 12.7 cents, or 0.9%, to $14.159 an ounce. Silver ended Monday at its lowest level since 2009.

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