Gold surged to its highest in nearly 8 years on Tuesday as mounting fears of a resurgence of new coronavirus cases kept safe-haven demand for gold alive, setting the precious metal on path for its biggest quarterly gain since March 2016. Spot gold jumped 0.5% to $1,779.44 per ounce by 2:09 p.m. EDT (1809 GMT). The session high was $1,785.46, its highest since October 2012. U.S. gold futures settled up 1.1% at $1,800.5. Tai Wong, head of base and precious metals derivatives trading at BMO, said commodity trading advisers and algorithms were encouraged as gold headed toward highs of $1,780. "Bulls are delighted with ... (full story)