Gold is having a big day.
Futures of the precious metal gained nearly 2%, or about $22 an ounce, to as high as $1,188.30 Wednesday. That’s the highest level in over three months.
This month, gold has rallied more than 5% and is set for its best month since January, according to Bloomberg.
Gold caught a strong bid, rallying 2% after the weaker-than-expected September jobs report, as markets broadly went into “risk off” mode, with traders piling on safer securities like treasuries.
Here’s a chart showing the rally Wednesday and this month: