Gold futures rallied Tuesday as China moved to spur more investment in the metal at a time when investors are clamouring for it as a refuge. The most-actively traded contract, for February delivery, gained $18.60, or 1.4%, to settle at $1,386.10 an ounce on the Comex division of the New York Mercantile Exchange. Prices jumped as China approved a fund that will invest in gold exchange-traded funds outside the country, opening the door to mainlan...

Gold prices hit an all-time high as demand surged to the highest level since the collapse of Lehman Brothers in 2008 amid volatile financial markets in Europe. Spot gold in London surged to above $1,230 a troy ounce, surpassing the previous record set in December last year. Gold prices in euro terms also hit a fresh all-time high of €969 an ounce in late trading in London on Tuesday, up almost 26 per cent since the beginning of the year. Tra...