Gold climbs to its highest sells $1,297.50 an ounce

Gold prices climb to settle at their highest level since early November. Uncertainty surrounding a rift between Qatar and other Middle East nations, the upcoming U.K. election and European Central bank meeting lifted investment demand for the precious metal. August gold rose $14.80, or 1.2%, to settle at $1,297.50 an ounce. That was the highest finish since Nov. 4, according to FactSet data.