Gold posted a breakout session Tuesday as investors took risk positions off the table as geopolitical tensions rose.
Futures on the precious metal jumped 1.6 percent during the regular session, bringing their year-to-date gain to above 10 percent. The metal kept going higher in after-hours trading with the futures reaching an intraday high of 1,277.40, which was their highest level since Nov. 10.
Gold futures also surpassed their average price of the last 200 days, a common measure used by technical analysts to determine a trend.
Short and sweet today, buy gold.
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