Gold roars to one-year high

In the wake of a slumping stock market, gold bullion is making a comeback.

The precious metal is the best-performing commodity so far this year, gaining a total of 16 percent to more than $1,242 per ounce – the highest mark since February last year, according to Bloomberg Business.

Analysts believe investors are seeking “safe-haven assets” following Federal Reserve Chair Janet Yellen’s comment Wednesday that the national bank might delay another interest rate hike.

Read more from Bloomberg Business.