Gold settles higher, moving off year’s low

Gold settled fractionally higher Tuesday near lows of the year after struggling to shake off early-session losses with the government, bond market and the banks closed down for Veterans Day.

Gold for December delivery GCZ4, +0.07%  settled up $3.20, or 0.3%, at $1,163 an ounce on the Comex division of the New York Mercantile Exchange. Gold worked its way out of an early loss in fits and starts, seeing a low of $1,145.50 an ounce and a high of $1,165.90.

On Thursday, gold settled at its lowest point on the year at $1,142.60 an ounce.