Gold climbs for second day to remain above $1,300

Los Angeles (Aug 7)   Gold futures rose for a second session Thursday to remain above the key $1,300 mark on continuing geopolitical instability. December gold  GCZ4 +0.34%   gained $4.30, or 0.3%, to settle at $1,312.50 an ounce on the Comex division of the New York Mercantile Exchange. Russia announced a ban on food imports from the European Union, the U.S. and several other countries in retaliation against Western sanctions. However, spot silver slide 11 cents to $19.97.

Source: MarketWatch