A shocking move Thursday from the Swiss National Bank sent the gold price today soaring to $1,264.80 - a four-month high.
Spot gold was up $33.60, or 2.76%, to 1,264.60 an ounce just before noon. It closed up $30.30, or 2.5%. That was the yellow metal's highest price since Sept. 8.
The Swiss franc also enjoyed a robust rally.