Published February 8, 2016 2:20pm EST | Updated February 8, 2016 3:03pm EST

Gold Futures Mark Highest Settlement Since June

Gold futures jumped 3.5% on Monday to settle at their highest level since June as sharp losses in the U.S. stock market helped to lift the metal's investment appeal. April gold rose $40.20 to settle at $1,197.90 an ounce on Comex, after tapping an intraday high of $1,201.40. The settlement was the highest since June 19, 2015, when prices settled above $1,201.90.