Gold futures are up 0.8% as investors seek safety from Tuesday's down market. Both the Dow Jones industrial average and S&P 500 are on track for their first declines of at least 1% since October 11.
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Gold is spiking on market fears (GLD, GDX)
Gold futures are up almost 1% today as investors seek a safe haven from today's down market. Gold price march 21.
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Gold usually moves higher when there is fear, uncertainty, or volatility in markets.
So far this year, gold has gained 8.5%, after bottoming out in late December.
After a big comeback during the first half of 2016, gold prices fell dramatically from $1387 per ounce in July 2016 to $1127 per ounce in December.
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Two of the more popular gold exchange-traded funds are also seeing a bid on Tuesday.
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