Daily Gold Update

Source: MarketWatch

San Francisco— Gold futures climbed Tuesday, with caution over the anniversary of the Sept. 11 terrorist attacks as well as weakness in the dollar setting prices up to mark a four-session winning streak. Meanwhile, copper prices climbed to a more than one-week high on the heels of a rally in the U.S. stock market. Gold for December delivery rose to $716 an ounce, up $3.80, on the New York Mercantile Exchange. On Monday, gold futures closed $2.50 an ounce higher, and the contract has gained more than $21 as of Monday, from Wednesday's close of $690.70.

"Geopolitical risk, the re-emergence of an Osama Bin Laden video and jitters on the Sept. 11 anniversary should provide safe-haven support and bids to gold," said Mark O'Byrne, director at Gold & Silver Investments Ltd., in emailed comments. He also cited the impact of oil prices trading at "a fraction off all-time record highs" and a resumption of "serious pressure" on the dollar. See full story.