Daily Gold Update

Source: Marketwatch

New York— Gold futures fell Tuesday, ending the session with a loss of almost $6 an ounce, with the market returning much of the prior session's gains as crude-oil prices declined and the U.S. dollar touched a two-month high against the euro.

"An onslaught of bearishness, a small countertrend rally in the U.S. dollar and seasonal weakness, are all combining to pressure gold toward very key support in the $635-$640 area," said Peter Grandich, editor of the Grandich Letter. See full story.