Gold futures punch through $1 300 as global stocks extend losses

Gold futures broke above $1 300/oz, rising to the highest level since November, as global stocks dropped and investors fretted that turmoil in the White House will prevent President Donald Trump from delivering on his legislative agenda. Futures for delivery in December advanced as much as 1.1% to $1 306.90/oz on the Comex, and traded at $1 298.20 at 11:23 am in New York. The gain came as a gauge of US stocks declined, and the Bloomberg Dollar Spot Index fell 0.2%.