Gold futures rallied past $1,200 an ounce on Thursday to settle at their highest level since early March as investors backed away from riskier assets amid a selloff for global equities and increased tension in the Middle East.Gold for April delivery GCJ5, -0.30% climbed $7.80, or 0.7%, to settle at $1,204.80 an ounce on Comex. Prices have now climbed for seven sessions in a row, tallying a total gain of 4.9% during their streak of gains.
May silver SIK5, -0.55% added 14 cents, or 0.8%, to end at $17.14 an ounce.
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