Gold futures rose for a second session Thursday, as the metal's appeal as an inflation hedge increased after the Bank of England cut its key interest rate to the lowest level of 1%. Gold for February delivery rose $12, or 1.3%, to end at $913.60 an ounce on the Comex division of the New York Mercantile Exchange. Gold's attractiveness as a safe haven and an inflation hedge has pushed its prices over 3% higher this year, compared to a 6% decline in the S&P 500 equity index and a 5% loss in the Reuters/Jefferies CRB commodities index. Holdings in the largest exchange-traded fund backed by gold hit a new record Wednesday.

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