Gold Futures Approach $1200 For The First Time Since June

Gold futures are trading higher by $38 at $1195.70 per ounce in Monday's session. The bullion is having one of its best days in years after investors are looking for a safe haven in these volatile markets. After a much higher open, it retreated to $1164.50 before resuming it advance on $1200. So far it has come up shy, peaking at $1199.70 before pulling back to it current level. This marks the highest for the rolling front-month contract since June, when it peaked at $1206.30.