Gold prices climbed as turmoil in emerging markets and a swoon in global stocks renewed investor interest in haven assets.
Prices for the precious metal are up 5.6% from the three-year nadir reached in December. Recent economic data suggest an uneven U.S. housing and labor-market recovery, while political and economic troubles have gripped developing economies from Turkey to India.
The gains follow months of punishment for gold bulls. Prices fell 28% in 2013, snapping a 12-year winning streak and making the precious metal one of the worst-performing assets of the year.
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