Gold Market Update

A shocking move by the Swiss National Bank sent the dollar reeling and propelled gold to close at its highest level in four months Thursday.

Gold GCG5, -0.47%  for February delivery surged $30.30, or 2.5%, to settle at $1,264.80 an ounce, its best finish since it closed at $1,268.20 on Sept. 5. March silver SIH5, -0.33%  rose 11 cents, or 0.7%, to $17.10 an ounce.

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